Presented below is information related to Blue Enterprises Jan. 31 Feb. 28 Mar. 31 Apr. 30 Inventory at cost $ 18,300 $18.422 $ 20,740 $ 17,080 Inventory at LCNRV 17,690 15,372 19,032 16.226 Purchases for the month 20.740 29.280 32,330 Sales for the month 35,380 42.700 48.800 (a) Your answer is partially correct. From the information, prepare as far as the data permit) monthly income statements in columnar form for February March and April. The inventory is to be shown in the statement at cost: the gain or loss due to market fluctuations is to be shown separately (using a valuation account) (Enter negative amounts using either a negative sign preceding the number c.9. -45 or parentheses 2-5-(45).) February Sales Revenue 35380 Cost of Goods Sold Inventory, Beginning 18300 i Purchases 20740 i Cost of Goods Available 39040 i Inventory, Ending 18422 i Cost of Goods Sold 20618 i Gross Profit 14762 Gain (loss) due to Market Fluctuations of inventory : -2440 12322 our answer is partially correct From the information, prepare (as far as the data permit) monthly income statements in columnar form for February March, and April. The inventory is to be shown in the statement at cost; the gain or loss due to market fluctuations is to be shown separately (using a valuation account). (Enter negative amounts using either a negative sin preceding the number e.3.-45 or parentheses e.g. (45).) February March April $ 35380 42700 8800 18300 15422 2070 20740 29280 3200 39040 4770 3030 18422 20740 20001 20618 26262 i 35990 14702 15 128.100 2440 -1392 -254 12332 17130 13064