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question 1 please use the information provided to fill in all the empty spaces 15000 4283214

Question

1) Please use the information provided to fill in all the empty spaces: $15000 purd 25000 COGS CN Merchandise inventory, January 1, 2012 erchandise inventory, December 31, 2012 Purchases Selling and Administrative Expenses Sales Revenue $60,000- endin $190,000 CoGs s Required: Prepare an income statement for the year ended December 31, 2012. Please use the form below, and include a vertical analysis showing percentages rounded to the nearest tenth of a percer Sales revenue Cost of goods sold Beginning inventory Purchases Cost of goods available for sale Ending inventory Cost of goods sold Gross profit 25 Selling and administrative expenses Net income/(loss) 35,000

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