Presented below is information related to Cheyenne Enterprises. Jan. 31 $16,950 16,385 Inventory at cost Inventory at LCNRV Purchases for the month Sales for the month Feb. 28 $17,063 14,238 19,210 32,770 Mar. 31 $19,210 17,628 27,120 39,550 Apr. 30 $15,820 15,029 29,945 45,200 (a) Your answer is partially correct. Try again. 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 e.g.-45 or parentheses e.g. (45).) February March April Sales Revenue 32770 39550 45200 Cost of Goods Sold Inventory, Beginning 16950 17063 19210 T Purchases 19210 27120 29945 Cost of Goods Available 36160 44183 49155 Inventory, Ending | DERELLID O DIDINDI! 17063 19210 15820 Gross Profit 13673 14580 11865 Gain (loss) due to Market Fluctuations of Inventory (2260) 1297 737 Gross Profit