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Please solve the whole question my answers are somehow wrong. Haaki Shop Inc. is a large retailer of surfboards. The company assembled the information the

Please solve the whole question my answers are somehow wrong.

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Haaki Shop Inc. is a large retailer of surfboards. The company assembled the information the quarter ended May 31 Amount Total sales revenue Selling price per surfboard Variable selling expense per surfboard Variable administrative expense per surfboard Total fixed selling expense Total fixed administrative expense Merchandise inventory, beginning balance Merchandise inventory, ending balance Merchandise purchases $ 861,000 410 40 20 $ 200,000 $ 170,000 $ 81,000 $ 101,000 S 314,000 Required 1. Prepare a traditional income statement for the quarter ended May 31 HAAKI SHOP, INC Traditional Income Statement Quarter Ended May 31 Sales Cost of goods sold Gross margin Selling and administrative expenses $ 861,000 (294,000) 567,000 Selling expenses Administrative expenses $ (384,000) (212,000) (596,000) $ 395,000 Operating income

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