Complete the Income Statement

question 37

Multiple Choice

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

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Definitions:

Air Displacement

The process by which air is moved or displaced by other substances, objects, or forces, often measured in physics and engineering.

BMI Calculation

A numerical computation that assesses an individual's body weight in relation to their height, used to categorize underweight, normal weight, overweight, or obese status.

Weight

A measurement of how heavy an object is, often used in the context of personal body mass.

Minimal Recommended Fat

The smallest amount of total fats suggested to be consumed daily for maintaining good health, considering dietary needs and restrictions.