Metropolis Music, a retailer of CDs and DVDs, provided the following information for the month of June: Sales Selling expenses Administrative expenses Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases $ 150,000 40,000 25,000 12,000 22,000 90,000 Required: Prepare an income statement for the company for the month. METROPOLIS MUSIC Income Statement For the month ended xxx Cost of goods sold 0 0 Selling and administrative expenses 0