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sam's retails has the following data available as of 30 june 2019. required from the data, establish an income statement and a balance sheet. sam's

sam's retails has the following data available as of 30 june 2019.

required

from the data, establish an income statement and a balance sheet.

sam's retails data as of 30 june 2019

sales 542000

administration expense 1500

shop lease 24000

cash at bank 175000

costs of goods sold 274000

wages and salaries 38500

accounts payable 15050

miscellaneous expense 2500

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