The following are selected account balances for Streamline Services:

Accounts Payable	$90
Cost of Goods Sold	1,500
Interest Expense	42
Inventory	480
Prepaid Insurance	84
Purchase Discounts	158
Purchase Returns and Allowances	180
Purchases	2,300
Sales	7,900
Sales Discounts	470
Selling Expenses	500

Required:

Prepare a partial income statement through gross profit. The beginning inventory balance was $300.

Streamline Services Income Statement (Partial) For the year ended December 31 10 Cost of goods sold: $ 1111 Cost of goods available for sale $ Cost of goods sold