Youkilis Co.returned some defective merchandise it had previously purchased on account from a supplier.Show how the transaction would affect Youkilis's financial statements. 
Definitions:
Target Net Income
The desired profit that a company aims to achieve within a specific period, often used in budgeting and planning.
Required Sales
Required sales represent the amount of sales needed to achieve a particular financial target, such as breaking even or reaching a desired profit level.
Variable Costs
Costs that change in proportion to the level of activity or production volume, such as raw materials and direct labor costs.
Fixed Costs
Expenses that do not change in proportion to the activity of a business.
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