In April,Holderness Inc,a Merchandising Company,had Sales of $221,000,selling Expenses of $14,000,and

Essay

In April,Holderness Inc,a merchandising company,had sales of $221,000,selling expenses of $14,000,and administrative expenses of $25,000.The cost of merchandise purchased during the month was $155,000.The beginning balance in the merchandise inventory account was $34,000 and the ending balance was $48,000.
Required:
Prepare a traditional format income statement for April.