William Brush Company Income Statement Year Ended December 31, 2018 Data Table Revenue: Selling and Administrative Expenses Purchases Net Sales Revenue Merchandise Inventory, January 1, 2018 Merchandise Inventory, December 31, 2018 $ 40,260 76,250 122,000 7,625 17,995 Cost of Goods Sold Cost of Goods Sold Print Done Gross Profit Operating Income