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Wire Solutions Company's income statement for the month ended August 31, 2020, reported the following data: (Click icon to view income statement.) Before the financial

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Wire Solutions Company's income statement for the month ended August 31, 2020, reported the following data: (Click icon to view income statement.) Before the financial statements were released, it was discovered that the current net realizable value of ending inventory was 596,000. y's income statem Income statement -X Vincome statem mements were rele $96,000 lize the entry to a nal entries.) first, then credits. Excluc Wire Solutions Company Income Statement For the Month Ended August 31, 2020 Sales revenue $ 320,000 Cost of goods sold Beginning inventory $ 82,000 Net purchases 243,700 Cost of goods available for sale 325,700 Less: Ending inventory 105,700 220,000 Cost of goods sold $ 100,000 Gross margin Ac enter any numb Print Done

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