Pampering You Co$.$ provides monthly $$surprise$$ boxes of bath and beauty products to subscribers on a monthly basis. Customers sign up for a minimum three$-$month subscription and a box with a variety of products is delivered to their doorstep each month. The company buys products to distribute from wholesalers at good prices given most of the products were overstocked or left unsold from the prior season. You are provided the following financial information for the month of June:

Sales $ $150,000$

Selling expenses $40,000$

Administrative expenses $25,000$

Merchandise inventory, beginning balance $12,000$

Merchandise inventory, ending balance $22,000$

Merchandise purchases $90,000$

Required:

Prepare an income statement for the company for the month.