The following are selected account balances of the Roberts Company: 
Prepare a partial income statement through gross profit on sales.
Definitions:
Price Elasticity
The measure of how the quantity demanded of a good or service changes in response to a change in its price.
Demand
The desire and ability of consumers to purchase goods or services at a given price.
Log(Q)
The natural logarithm of the quantity Q, used in various mathematical, economic, and statistical models to transform data for analysis.
Demand Estimations
The process of predicting future demand for a product or service based on historical data and market analysis.
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