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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 for sale

Purchase costs

$400

Of shares and stock values 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

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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