The cost accountant for Sunset Fashions has compiled the following Information for last quarter's operations: Administrative costs Merchandise inventory, April 1 $ 208,000 49,000 Merchandise inventory, June 30 Merchandise purchases Miscellaneous store costs Sales commissions Sales revenue Store lease Utilities Transportation-in costs Wages and benefits Required: 1. Prepare a cost of goods sold statement. 2. Prepare an Income statement. 39,500 1,730,000 21,000 132,000 2,970,000 47,000 55,500 122,000 710,000 Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a cost of goods sold statement. SUNSET FASHIONS Cost of Goods Sold Statement For the Quarter Ended June 30 Total cost of goods purchased Cost of goods sold Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare an income statement. SUNSET FASHIONS Income Statement For the Quarter Ended June 30