The following adjusted account information, in alphabetical order, was taken from the work sheet of Johns Electronics for the month ended April 30, 2020. A physical count on April 30, 2020, revealed a merchandise inventory balance actually on hand of $2,460. Required: . Calculate net sales.

- Calculate the cost of goods sold.

The following adjusted account information, in alphabetical order, was taken from the work sheet of John's Electronics for the month ended April 30, 2020. A physical count on April 30, 2020, revealed a merchandise inventory balance actually on hand of $2,460. Debit Credit $ 2,118 15,600 $ 1,600 640 130 26,964 9,200 5,700 No. 201 154 101 611 633 301 302 119 507 506 505 413 414 688 689 508 153 623 624 John's Electronics Unadjusted Trial Balance For Month Ended April 30, 2020 Account Accounts payable Accumulated depreciation, trucks Cash Depreciation expense, delivery trucks Interest expense John Yu, capital John Yu, withdrawals Merchandise inventory Purchase discounts Purchase returns and allowances Purchases Sales Sales returns and allowances Telephone expense, office Telephone expense, store Transportation in Trucks Wages expense, office Wages expense, selling Totals 28 110 16,140 33,700 1,740 150 340 380 29,600 4,900 8,000 $ 78,520 $ 78,520 c. Prepare a classified multiple-step Income statement for the month ended April 30, 2020. (Input all amounts es positive values.) JOHN'S ELECTRONICS Income Statement For Month Ended April 30, 2020 S 31,960 Sales Less: Sales returns and allowances 1,740 30,220 S (19,622) S Net sales Cost of goods sold: Cost of goods available for sale Purchases Add: Transportation in Less: Purchase returns and allowances Less: Purchase discounts Net purchases Less: Merchandise inventory, April 30, 2020 16,140 380 (110) (28) S 16,382 2,460 Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Other revenues and expenses