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Ms. Kane, the China and Glass buyer of Crystal Clear, Inc., was asked to present a yearly profit and loss in skeletal form to the

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Ms. Kane, the China and Glass buyer of Crystal Clear, Inc., was asked to present a yearly profit and loss in skeletal form to the divisional merchandise manager. Crystal Clear's statistical department: Gross sales Alteration and workroom costs Inward freight Indirect expenses Direct Expenses Customer returns and allowances Gross Purchases $135,000 $1,000 S 1,500 $ 28,600 $ 20,000 S 15,000 s 25,000 Ms. Kane must prepare a skeletal profit and loss statement for her department. 1- Develop a P &L statement for Crystal Clear performance. 2- Must have a complete skeletal profit and loss statement. 3- Name the worksheet Crystal Clear P & L EC #1: If the goal is to achieve a 35% operating profit for the company, did Ms. Kane do a good job in achieving the goal or not? How did you determine your answer? (1. 5pts) If you answer this question type under the P& L statement in the same worksheet

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