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Resolve the following income statement Business Name: Tranzas y mudanzas Period from 1 January to 19 October 2007 Sales $ 950,000 Discounts on purchases $

Resolve the following income statement

Business Name: Tranzas y mudanzas

Period from 1 January to 19 October 2007

Sales

$ 950,000

Discounts on purchases

$ 5.000

Initial inventory

$ 500,000

Profit on the sale of shares and securities

$ 3,200

Propaganda

$ 50,000

Shopping

$ 500,000

Salary of the sales department

$ 60,000

Final inventory

$ 755,000

Warehouse rent

$ 10,000

Freight and hauling of the goods sold

$ 3,000

Rent of the offices

$ 15,000

Salary of office staff

$ 80,000

Office light

$ 1,500

Interest earned

$ 2,000

Sales discounts

$ 2,000

Stationery and office supplies

$ 7,000

Sales Department Light

$ 3,000

Loss on sale of fixed assets

$ 5,000

Post and telegraphs

$ 1,000

Situation expenses

$ 1,500

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