pls answer this!!

2) Complete the income statement for the merchandising business presented below by: i) placing the following account titles and balances within the proper format; ii) calculating and recording any missing values for the titles indicated below. The income statement template is on the following page. Income Statement Information Business Name: Business Type: Accounting Period: Revenue Section: Sales: Sales Returns & Allowances: Sales Discounts: Cost of Goods Sold Section: Beginning Inventory (March 31): Purchases: Rent Expense: Hydro Expense: Phone Expense: Kim's Retailers Merchandising The month of April 2004 Transportation-in: Purchases Returns and Allowances: Purchases Discounts: Ending Inventory (April 30): Operating Expense Section: $40,000.00 250.00 50.00 $5,000.00 4,000.00 400.00 175.00 25.00 2,500.00 $2,000.00 250.00 150.00 HINT: Be sure to find the value for each of the following: i) Total Expenses ii) Cost of Delivered Goods iii) Cost of Goods Available for Sale iv) Net Purchases v) Cost of Goods Sold vi) Gross Profit vii) Net Sales viii) Net Income [8]