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Please prepare a multi-step Statement of Comprehensive Income including the revenue section and cost of goods sold secriin. Use the following information to prepare a

Please prepare a multi-step Statement of Comprehensive Income including the revenue section and cost of goods sold secriin.

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Use the following information to prepare a multi-step Statement of Comprehensive Income including the revenue section and cost of goods section, for Quaranto Merchandising for the year ended December 31,2019. (Note: follow my example on page 26) Sales P 1,355,000 Sales Returns and allowances 16,300 Sales Discount 8,000 Purchases 880,000 Purchase Returns and allowances 21,600 Purchase Discount 18,900 Freight-in 6,900 Merchandise Inventory, Beginning 265,000 Merchandise Inventory, End 332,500 Salaries Expense - Office 38,000 Salaries Expense - Store 238,000 Supplies Expense - Office 9,000 Supplies Expense - Store 10,500 Utilities Expense 30% Store, 70% Office 70,000 Insurance Expense - Office 10,000

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