The cost accountant for Sunset Fashions has compiled the following information for last quarter’s operations: 

Required

Prepare an income statement with a supporting cost of goods sold statement.

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Administrative costs.. Merchandise inventory, April 1 Merchandise inventory, June 30.. Merchandise purchases.... Miscellaneous store costs. Sales commissions... Sales revenue.. Store lease. Utilities.... Transportation-in costs. Wages and benefits $ 208,000 49,000 39,500 1,730,000 21,000 132,000 2,970,000 47,000 55,500 122,000 710,000