Question Four (9 Points) The income statement account balances on December 31, 2010, for Janice Company appear below. In addition, beginning merchandise inventory was $3,000 and ending merchandise inventory was $4,000. Prepare a 2010 income statement for the company, Account Name Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Freight-In Selling Expenses General and Administrative Expenses Balance $100,000 1,500 50,000 3,000 5,000 25,000 10,000 S: Janice Company Income Statement For the Year Ended December 31, 2010