The following is John?s Electronics? adjusted account information listed in alphabetical order for the month ended April 30, 2020. A physical count on April 30, 2020, revealed a merchandise inventory balance actually on hand of $2,550.

Required

a. Calculate net sales.

b. Calculate cost of goods sold.

c. Prepare a classified multiple-step income statement for the month ended April 30, 2020.

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Debit Account Credit Accounts payable. $ 2,208 201 154 Accumulated depreciation, trucks 16,500 $ 2,050 101 Cash 611 Depreciation expense, delivery trucks. 730 633 Interest expense. 130 John Yu, capital. 301 27,225 302 John Yu, withdrawals. 9,650 Merchandise inventory. 6,600 119 507 Purchase discounts. 37 506 Purchase returns and allowances 110 505 Purchases.. 17,040 413 Sales.. 38,200 414 Sales returns and allowances. 1,830 688 Telephone expense, office. 150 Telephone expense, store.. 689 430 508 Transportation-in. 470 153 Trucks. 30,500 623 Wages expense, office.. 5,800 624 Wages expense, selling 8,900 Totals . $84,280 $84,280