will rate! please make sure it's right

- Data Table Cost of Goods Sold Sales Revenue Inventory 12,000 Beg bal End bal 16,500 Bal 67,000 Bal 115,000 Print Done * Requirement 1. Prepare the company's 2018 income statement through gross profit to show how the company would apply the lower-of-cost-or-market rule to its inventories. Print Done More Info A year ago, the net realizable value of ending inventory was $13,000, which exceeded the cost of $12,000. Boston has determined that the net realizable value of the January 31, 2018, ending inventory is $13,000. Print Done Boston Garden Supplies uses a perpetual inventory system. The company has these account balances at January 31, 2018, prior to making the year-end adjustments: (Click the icon to view the account balances.) (Click the icon to view additional information) Read the requirement Boston Garden Supplies Income Statement (partial) Year Ended January 31, 2018 Gross profit