Sales

Merchandise inventory

Sales discounts

Interest expense

Sales returns and allowances

Interest revenue

Cost of goods sold

Pent expense

Depreciation expense: office equipment

Insurance expense

Advertising expense

$$640,363$

Accourts receivable

Office supplies expense

Pent revenue

Sales salaries expense

Accounts payable

Common stock

Marketing expense

$582,620$

$58,040$

$3,677$

$90,232$

$10,268$

$224\mathrm{.}598$

$15,050$

$3,200$

$2,450$

$12,906$

$100,440$

$1,600$

$23,622$

$30,410$

$135,404$

$59,419$

$31,000$

A$.$ Use the data provited to compute sar eres forz$0\mathrm{.}8.$

B$.$ Prepare a simplo income sentement for trayerar ceded December $31,2019.$

C$.$ Compute the gross marein for $2019.$

D$.$ Rrepare a muli$-$step incoma chtament for th yecer erded December $31,2012.$

A$.$ Nats siles $=1$

B$.$

Rosingtimstis

Stimple Income Statement

Revenues:

$500000$

Dxpensest

Cost of Goods Sold

$500000$

Total Selling Expenses

Total General and Administrative Expenses

Interest Expense

Totrl Expenses

Not lncome

c$.$ Gross margin $=$

D$.$

Rese Imomstrics

Milli$-$step Imeome Statement

For Yenr Bnded December $31,2019$

Sales:

Sales Discounts

$$00000$