Sales Revenue Less Cost of Goods Sold Gross Profit/(Loss) Salaries and Wages Expense Net Income/(Loss) Income Statement For the Year Ending December 31, 2022 18700 12200 650 2400 4100 Salaries and Wigs Expense 2400 Net Income/ 4100 On December 1, 2022, Metlock, Inc. had the following account balances Debit Credit Cash $6.900 Accumulated Depreciation-Equipment $2.200 Accounts Receivable 4,800 Accounts Payable 4.300 Inventory 12,100 Salaries and Wages Payable 900 Supplies 1,200 Common Stock 29,000 Equipment 22.000 Retained Earnings 10.600 $47,000 $47,000 During December, the company completed the following summary transactions Dec 6 Paid $1,500 for salaries and wages due employees, of which $600 is for December and $900 is for November salaries and wages payable B Received $1,900 cash from customers in payment of account in discount allowed 10 Sold merchandise for cash $6.400. The cost of the merchandise sold was $4,200 13 Purchased merchandise on account from Hecht Co. $9,400 terms 2/10/30 15 Purchased supplies for cash $1.900 18 Sold merchandise on account $12.300 terms 3/10 1/30. The cost of the merchandise sold was $8,000 20 Paid salaries wages $1.800 23 Paid Hecht Co. in full, less discount