Use the following information for the month ended April 30 from a manufacturing company and from a merchandising company to prepare an income statement for each company.

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Built-Rite Manufacturer Sales.. Cash.... Selling expenses.. General and admin. expenses. $360 750 65 55 20 120 Finished goods inventory, beginning.... 105 Finished goods inventory, ending. Cost of goods manufactured.... SaveMart Merchandiser Merchandise inventory, ending.. Selling expenses.... Sales ..... General and admin. expenses.. Cost of merchandise purchased. Accounts receivable..... Merchandise inventory, beginning. $100 50 325 28 180 125 110