Dino Company sells collectibles. The following information summarizes Dinos operatin
Dino Company sells collectibles. The following information summarizes Dino's operating activities for the most recent year:
Merchandise inventory, beginning
|
$10,000
|
Merchandise inventory, ending
|
7,000
|
Purchases
|
95,000
|
Operating expenses
|
65,000
|
Sales revenue
|
180,000
|
Required: Prepare an income statement for the most recent year.
Tripti
07-Dec-2019