Use data from the accounts of Wonderful Events Planning to prepare an income statement for the year ended December 31, 20--

Sales $229,300. Sales return and allowances $5098. Merchandise Inventory January 1, 20-- $45,600

Merchandise Inventory December 31, 20-- $42,300 Purchases $65,400. Purchases Returns and allowances. $7,000

Freight In $1692

Delivery expense $5200. Wages expense $37,000. General Expense $1, 850