Complete the Income Statement

Complete the income statement.
-Frank's Nursery had gross sales of $2,273,000 with returns of $57,800. The inventory on January 1 was $567,000. During the year $1,130,000 worth of goods was purchased with freight of $5,600. The
Inventory on December 31 was $525,000. Wages and salaries were $81,600, rent was $10,200,
Advertising was $17,700, utilities were $5,200, business taxes totaled $8,500, and miscellaneous
Expenses were $6,100.

A) 1) $2,273,000, 2) $57,800, 3) $2,215,200, 4) $1,177,600, 5) $1,037,600, 6) $129,300, 7) $908,300
B) 1) $2,273,000, 2) $57,800, 3) $2,215,200, 4) $1,166,400, 5) $1,048,800, 6) $129,300, 7) $908,300
C) 1) $2,273,000, 2) $57,800, 3) $2,330,800, 4) $1,177,600, 5) $1,153,200, 6) $129,300, 7) $1,023,900
D) 1) $2,273,000, 2) $57,800, 3) $2,215,200, 4) $1,177,600, 5) $1,037,600, 6) $129,300, 7) $1,023,900