Problem 5-11A Income statement calculations and formats-periodic LO7 The following amounts appeared on the Mendelstein CHECK FIGURES: 3. $34,580; 4. Loss from operations= $17,215; Loss $17,030 2023, the end of its fiscal year:

Company's adjusted trial balance as of October 31,

Debit

Credit

Merchandise inventory.

Other assets.

Liabilities

51,750

47,000

543.340

Joe Mendelstein, capital..

Joe Mendelstein, withdrawals

Interest income.

37,690

er

3,700

185 103,400

Sales.

Sales returns and allowances.

Sales discounts.

8.200

Purchases

1.195

Purchase returns and allowances.

44,200

Purchase discounts.

2500

970

5,400

18.500

9.900

3,900

Transportation-in

Sales salaries expense.

Rent expense, selling space.

Store supplies expense.

Advertising expense.

Office salaries expense.

Rent expense, office space.

Office supplies expense.

Totals

9,700

22.700

8300

3,640

$188.085

$188,085

A physical count shows that the cost of the ending inventory is $13.300.