[The following information applies to the questions displayed below,] Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The book- keeper prepared the following statement (assume that all amounts are correct, but note the incorrect terminology and format): BIG TOMMY CORPORATION Profit and Loss December 31 Credit $590,000 Debit Sales Cost of Goods Sold Sales Returns and Allowances Sales Discounts Salaries and Wages Expense Office Expense Travel Expenses Income Tax Expense Net Profit $343,000 16,400 10,000 74,000 28,000 1,000 35,280 82,320 Totals $590,000 $590,000