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. COGS Stmt Income Stmt Prepare an income statement. $ Complete this question by entering your answers in the tabs below. ANGIE'S APPAREL Income Statement For the Month Ended July 31 $ Sales revenue Cost of goods sold Gross margin 73,300 29,000 22,000 645,000 42,500 918,000 15,300 2,050 5,150 Marketing and administrative costs Operating profit Answer is not complete. 918,000 645,000 $ 273,000 132,850