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Prepare an income statement for the company for the month

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Reference no: EM13528507

Last month Mountain High, a mountain sporting goods retailer, had total sales of $3,200,000, selling expenses of $110,000, and administrative expenses of $470,000. The company had beginning merchandise inventory of $140,000, purchased additional merchandise inventory for $2,550,000, and had ending merchandise inventory of $180,000.

Required:

Prepare an income statement for the company for the month.

Reference no: EM13528507

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