The cost accountant for Angie's Apparel has compiled the following information for last month's operations. Administrative costs Merchandise inventory, July 1 Merchandise inventory, July 31 Merchandise purchases Sales commissions Sales revenue Store rent Store utilities Transportation-in costs Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. $ 42,000 9,000 7y500 360 000 27,000 570,000 9,000 16,500 27,000 Complete this question by entering your answers in the tabs below COGS Stmt Income Stmt Prepare a cost of goods sold statement. ANGIE'S APPAREL Cost of Goods Sold Statement For the Month Ended July 31 Sales revenue $ 570,000 Total cost of goods purchased