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Prepare an income statement for the company

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Question - Last month Bims, a wedding dress retailer, had total sales of $3,000,000, selling expenses of $315,000, and administrative expenses of $385,000. The company had beginning merchandise inventory of $250,000, purchased additional merchandise inventory for $950,000, and had ending merchandise inventory of $100,000. Prepare an income statement for the company for the month in good form.

Reference no: EM132934894

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