Question: Multi-step Income Statement - (Periodic Inventory System) As shown below, use the information obtained from the Trial Balance of Andros Dry Goods for the month

 Multi-step Income Statement - (Periodic Inventory System) As shown below, use

Multi-step Income Statement - (Periodic Inventory System) As shown below, use the information obtained from the Trial Balance of Andros Dry Goods for the month ended December 31, 2019 to answer the question that follow. Cash $30,000 Account receivable 16,000 Prepaid insurance 12,000 Purchases 20,000 Freight in 500 Merchandise inventory (Dec. 1, 2019) 6,000 General and Administrative Expenses 8,000 Gross Sales 60,000 Sales returns & allowances 10,000 Selling expenses 7,000 Interest paid on loan taken 800 Interest received from investments 1600 Note: On December 31, 2019 a physical inventory count was performed. Based on this count, the ending inventory amounted to $6,500. Required: What is the net amount for Excess Of Other Revenues Over Other Expenses? (Enter your answer as follows: $X,XXX.XX; do not show workings)

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