Problem 3. The following information were taken from the records of Galaxy Company. To Sept. 30 To Oct. 31 Net Sales 1,234,500 1,473,600 Cost of Goods Sold: Merchandise Inventory, beg 300,000 300,000 Purchases 920,000 1,135,000 Goods available for sale 1,220,000 1,435,000 Merchandise Inventory, end 280,000 372,600 Cost of Sales 940,000 1,062,400 Gross Profit on Sales 294,500 411,200 Selling Expenses (142,500) (197,200) General & Administrative Expenses (53,000) (72,000) Profit 99,000 142,000 Required: Compute the comprehensive income of Galaxy Company for the month of October 2014 from the above cumulative data