The accounting records for Baby\'s Place, Inc., reflected the following amounts

Question

The accounting records for Baby's Place, Inc., reflected the following amounts at the end of January 2018 EEB (Click the icon to view the accounts.) Prepare Baby's Place's multistep income statement for the fiscal year ended January 31, 2018. (Use a minus sign or parentheses for a loss.) Baby's Place, Inc. Income Statement Year Ended January 31, 2018 Data Table Cash Total operating expenses. Accounts payable Total stockholders' equity.. Estimated refund liability 4,500 Equipment, net 4,700 Accrued liabilities 13,900 Sales revenue 27,200 1,800 32,000 3,500 1,300 350 100 1,050 Accounts receivable Operating income (oss) Inventory Salaries 3,400 Estimated inventory returns 1,000 Interest expense payable Net income (loss) Print Done

Explanation / Answer

Income Statement Year ended January 31,2018 Sales revenue 32000 Cost of goods sold 18000 Gross Profit 14000 Operating expenes 4500 Operating income(loss) 9500 Interest expense 100 Net income(loss) 9400

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