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On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information: Income Statement Section Income Summary Sales Sales

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On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information:

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Income Statement Section Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Income Purchases Freight In Purchases Returns and Allowances Purchases Discounts Rent Expense Utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals Debit Credit 37,900 3,550 2,550 133,700 1,850 8,150 2,860 1,470 65,400 5,200 1,630 2,150 270 266,680 41,200 251,000 135 1,650 1,460 295,445

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