The following data are available for Remington Advisors for the month just ended. Gross margin Operating profit Revenues $ 17,200,000 6,800,000 38,000,000 Required: a. Find the marketing and administrative costs. b. Find the cost of services sold. a. Marketing and administrative costs Cost of services sold b. University Electronics has provided the following information for last year. Sales revenue Store rent Store utilities Administrative costs Sales commissions Merchandise purchases Transportation-in costs Merchandise inventory, March 1 Merchandise inventory, February 28 $ 4,200,000 240,000 115,000 310,000 610,000 2,950,000 115,000 205,000 230,000 Required: 1. Prepare a cost of goods sold statement for last year. 2. Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare a cost of goods sold statement for last year. (Amounts to be deducted and losses should be entered with a minus sign.) UNIVERSITY ELECTRONICS Cost of Goods Sold Statement For the Year Ended February 28 Total cost of goods purchased Cost of goods sold University Electronics has provided the following information for last year. Sales revenue Store rent Store utilities Administrative costs Sales commissions Merchandise purchases Transportation in costs Merchandise inventory, March 1 Merchandise inventory, February 28 $ 4,200,000 240,000 115,000 310,000 610,000 2,950,000 115,000 205,000 230,000 Required: 1. Prepare a cost of goods sold statement for last year. 2. Prepare an income statement for last year. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare an income statement for last year. (Amounts to be deducted and losses should be entered with a minus sign.) UNIVERSITY ELECTRONICS Income Statement For the Year Ended February 28