The records of Visage shows the following data for the years ended July 31: Statement of Income:
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The records of Visage shows the following data for the years ended July 31:
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Statement of Income: Sales Cost of goods sold Operating expenses Statement of financial position: Inventory Accounts payable 2021 $410,000 281,000 66,000 46,000 22,000 2020 $390,000 268,000 62,000 46,000 7,000 Statement of Income: Sales Cost of goods sold Operating expenses Statement of financial position: Inventory Accounts payable 2021 $410,000 281,000 66,000 46,000 22,000 2020 $390,000 268,000 62,000 46,000 7,000
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