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Prepare an income statement for Munroe Sauce for the year ended December 31, 2015. Beginning inventory was $1,248. Ending inventory was $1,600. (Input all amounts

Prepare an income statement for Munroe Sauce for the year ended December 31, 2015. Beginning inventory was $1,248. Ending inventory was $1,600. (Input all amounts as positive values.)

Sales $ 34,900
Sales returns and allowances 1,092
Sales discount 1,152
Purchases 10,512
Purchase discounts 540
Depreciation expense 115
Salary expense 5,200
Insurance expense 2,600
Utilities expense 210
Plumbing expense 250
Rent expense 180

MUNROE SAUCE Income Statement For Year Ended December 31, 2015

Net Sales = $32656

Cost of merchandise sold = $???

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