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Trish Himple owns a retail family clothing store. Her store is located at 4 3 2 1 Heather Drive, Henderson, NV 8 9 0 0

Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on the cash basis. The income and expenses for the year are:Gross sales $350,000Returns and allowances 15,000Expenses: Beginning inventory (at cost) $ 85,000 Add: purchases 100,000 Cost of goods available for sale $185,000 Less: ending inventory (at cost)72,000 Cost of goods sold $113,000Rent 29,000Insurance 3,000Legal and accounting fees 5,000Payroll 60,000Payroll taxes 5,000Utilities 2,200Office supplies 800

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