Presented below is information for Bach Company, Ltd. for the month of March 2017.
Cost of goods sold.......................£212,000............Rent expense.................£ 32,000
Freight-out....................................9,000...........Sales discounts....................7,400
Insurance expense............................7,000........Sales returns and allowances.....13,000
Salaries and wages expense...............58,000............Sales revenue.................380,000
Other comprehensive income...............2,200
Instructions
Prepare an income statement.