Sales Sales Revenue Less V: Sales Returns and Allowances Net Sales Skysong, Inc. Income Statement LA K LA

Sales: Sales Revenue Income Statement Sales Revenue $ Less : Sales Returns and Allowances Net Sales \begin{tabular}{|c|c|c|} \hline Dividends & 10,500 & \\ \hline Sales Revenue & & 755,400 \\ \hline Sales Returns and Allowances & 8,900 & \\ \hline Cost of Goods Sold & 497,000 & \\ \hline Salaries and Wages Expense & 140,000 & \\ \hline Advertising Expense & 24,300 & \\ \hline Utilities Expense & 14.000 & \\ \hline Maintenance and Repairs Expense & 11,700 & \\ \hline Freight-Out & 16,600 & \\ \hline Rent Expense & 23,700 & \\ \hline Totals & $971.200 & $971,200 \\ \hline \end{tabular} Adjustment data: 1. Supplies on hand totaled $2,000. 2. Depreciation is $12,500 on the equipment. 3. Interest of $4,000 is accrued on notes payable at November 30 . 4. Inventory actually on hand is $45,200