Question: Not sure if my numbers are correct. Need help with filling in blanks. How do I get cost of goods sold and deppreciation in this

Not sure if my numbers are correct. Need help with filling in blanks. How do I get cost of goods sold and deppreciation in this example?
Sweet Motors, Inc., was formed on January 1, 2018. The following transactions occurred during 2018: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare Sweet's income statement for the year ended December 31, 2018. Use the single-step format, with all revenues listed together and all expenses together. Sweet Motors, Inc. i More Info Income Statement Year Ended December 31, 2018 On January 1, 2018, Sweet issued its common stock for $430,000. Early in January, Revenue: Sweet made the following cash payments: a. $160,000 for equipment Sales revenue 504,000 b. $234,000 for inventory (six cars at $39,000 each) Expenses: c. $18,000 for 2018 rent on a store building Cost of goods sold In February, Sweet purchased four cars for inventory on account. The cost of this inventory was $192,000 ($48,000 per car). Before year-end, the company paid off Salary expense 60,000 $115,200 of this debt. The company uses the first-in, first-out (FIFO) method to account Depreciation expense for its inventory During 2018, Sweet sold seven autos for a total of $504,000. Before year-end, it had Rent expense 18,000 collected 40% of this amount. The business employs two people. The combined annual payroll is $60,000, of which Income tax expense 22,000 Sweet owes $8,000 at year-end. At the end of the year, the company paid income taxes of $22,000. Net income (loss) Late in 2018, Sweet declared and paid cash dividends of $12,000. For equipment, Sweet uses the straight-line depreciation method, over five years, with zero residual value. Choose from any list or enter any number in the input fields and then clil 5 parts Print 5 remaining Done
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