Question: BRIEF EXERCISE 14 Constructing an Income Statement [ LO4 ] Last month CyberGames, a computer game retailer, had total sales of $1,450,000, selling expenses of

BRIEF EXERCISE 1–4 Constructing an Income Statement [ LO4 ]

Last month CyberGames, a computer game retailer, had total sales of $1,450,000, selling expenses of

$210,000, and administrative expenses of $180,000. The company had beginning merchandise inventory of $240,000, purchased additional merchandise inventory for $950,000, and had ending merchandise inventory of $170,000.

Required:

Prepare an income statement for the company for the month.

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