What is the Cost of Merchandise (goods) sold

Prepare an income statement for Hansen Realty for the year ended December 31, 2020. Beginning inventory was $1,245. Ending inventory was $1,597. (Input all amounts as positive values.) $ 34,600 1,089 1,149 10,362 537 Sales Sales returns and allowances Sales discount Purchases Purchase discounts Depreciation expense Salary expense Insurance expense Utilities expense Plumbing expense Rent expense 112 5,050 2,450 207 247 177 $ 32,362 $ 32,362 HANSEN REALTY Income Statement For Year Ended December 31, 2020 Net sales Cost of merchandise (goods) sold Gross profit from sales Operating expenses: Insurance 2,450 Utilities 207 Plumbing 247 Rent 177 Salary 5,050 Depreciation 112 Total operating expenses 8,243 24,119 $