Data from income statement of Dray Company for the current fiscal year ended Dec

Question

Data from income statement of Dray Company for the current fiscal year ended Dec 31st are presented here. Dray, purchases a merchandise FOB destination Prepare a income statement to show the window department's departmental margin, omitting the three line heading. The lines showing a underscores require a total. $53,000 $412,000 Direct department expenses Sales Merchadise inventory (ending) 141,000 purchases 280,000 Purchases returns and allowances 14,000 Sales returns and allowances 37,000 Indirect expenses 31,000 Merchandise inventory (beginning) 128,000 Revenue from Sales 10 11 12 13 14 15 If the window department were discontinued, assuming that the other departments of the firm remain unchanged, what would be the effect on net income from operations for the entire business?

Explanation / Answer

Income Statement

Particulars

Amount($)

Net Sales (412000

Income Statement

Particulars

Amount($)

Net Sales (412000

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