Winter Company's balance sheet at December 31, 2019, is presented below.

WINTER COMPANY

Balance Sheet

December 31, 2019

Cash$13,100Accounts payable$8,750Accounts receivable19,780Owner's capital32,730Allowance for doubtful accounts(800)Inventory9,400$41,480$41,480

During January 2020, the following transactions occurred. Winter uses the perpetual inventory method.

Jan. 1Winter accepted a 4-month, 8% note from Merando Company in payment of Merando's $1,200 account.3Winter wrote off as uncollectible the accounts of Inwood Corporation ($450) and Goza Company ($280).8Winter purchased $17,200 of inventory on account.11Winter sold for $28,000 on account inventory that cost $19,600.15Winter sold inventory that cost $700 to Mark Lauber for $1,000. Lauber charged this amount on his Visa First Bank card. The service fee charged Winter by First Bank is 3%.17Winter collected $22,900 from customers on account.21Winter paid $14,300 on accounts payable.24Winter received payment in full ($280) from Goza Company on the account written off on January 3.27Winter purchased supplies for $1,400 cash.31Winter paid other operating expenses, $3,718.

Adjustment data:

1.Interest is recorded for the month on the note from January 1.2.Bad debts are expected to be 6% of the January 31, 2020, accounts receivable.3.A count of supplies on January 31, 2020, reveals that $560 remains unused.

submit a income statement.

WINTERCOMPANY

Income Statement

For the Year Ended January 31, 2020

For the Month Ended January 31, 2020

January 31, 2020

$

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Owner's Capital, January 1

Owner's Capital, January 31

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Owner's Capital, January 1

Owner's Capital, January 31

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$

Drawings

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Income Before Income Taxes

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Other Revenues and Gains

Owner's Capital, January 1

Owner's Capital, January 31

Sales Revenues

Total Revenues

Total Operating Expenses

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Gross Profit / (Loss)

Income Before Income Taxes

Income From Operations

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Other Revenues and Gains

Owner's Capital, January 1

Owner's Capital, January 31

Sales Revenues

Total Revenues

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Drawings

Gross Profit / (Loss)

Income Before Income Taxes

Income From Operations

Investment

Net Income / (Loss)

Net Sales

Operating Expenses

Other Expenses and Losses

Other Revenues and Gains

Owner's Capital, January 1

Owner's Capital, January 31

Sales Revenues

Total Revenues

Total Operating Expenses

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Gross Profit / (Loss)

Income Before Income Taxes

Income From Operations

Investment

Net Income / (Loss)

Net Sales

Operating Expenses

Other Expenses and Losses

Other Revenues and Gains

Owner's Capital, January 1

Owner's Capital, January 31

Sales Revenues

Total Revenues

Total Operating Expenses

$