Prepare an income statement through gross profit for the month of May 2022. Splish Brothers Income Statement (Partial) For the Month Ended May 31, 2022 Total Revenues Sales Revenue Less : Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Gross Profit eTextbook and Media List of Accounts SA $ A May 1 Purchased merchandise on account from Black Wholesale Supply for $7,300, terms 1/10, n/30. 2 Sold merchandise on account $4,800, terms 2/10, n/30. The cost of the merchandise sold was $3,600. 5 Received credit from Black Wholesale Supply for merchandise returned $200. 9 Received collections in full, less discounts, from customers billed on May 2. 10 Paid Black Wholesale Supply in full, less discount. 11 Purchased supplies for cash $800. 12 Purchased merchandise for cash $3,100. 15 Received $210 refund for return of poor quality merchandise from supplier on cash purchase. 17 19 24 Purchased merchandise on account from Wilhelm Distributors for $2,400, terms 2/10, n/30, FOB shipping point. Paid freight on May 17 purchase $250. Sold merchandise for cash $5,500. The merchandise sold had a cost of $3,900. 25 Purchased merchandise on account from Clasps, Inc. for $800, terms 3/10, n/30. NN 27 Paid Wilhelm Distributors in full, less discount. 29 Made refunds to cash customers for returned merchandise $124. The returned merchandise cost $8. 31 Sold merchandise on account for $1,360 terms n/30. The cost of the merchandise sold was $840.