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Prepare an income statement for hanson reality

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Prepare an income statement for Hanson reality for the year of December 31, 2017. Beginning inventory was $1,248. Ending inventory was $1600. How would I do this? Can you please include all steps so that I can learn how to do it myself for my exam.

Sales= $34,900

Sales returns and allowances= $1092.

Sales Discount= $1,152.

Purchases= $10,512

Purchase= $540.

Depreciation Expenses= $115.

Salary Expense = $5,200.

Insurance Expense= $2600.

Utilities Expense=$210.

Plumbing Expense= $250.

Rent Expense = $180.

 

Reference no: EM131787922

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