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At the beginning of June 2024, Swifty Distributing Company's ledger showed Cash $17,000, Merchandise Inventory $5,800, and D. Swifty, Capital $22,800. During the month of June, the company had the following selected transactions: June 1 Purchased $8,800 of merchandise inventory from Sun Supply Co., terms 1/15,n/30, FOB destination. 2 The correct company paid $200 cash for freight charges on the June 1 purchase. 5 Sold merchandise inventory to Moose Jaw Retailers for $11,000. The cost of the merchandise was $7,500 and the terms were 2/10,n/30,FOB destination. 6 Issued a $750 credit for merchandise returned by Moose Jaw Retailers. The merchandise originally cost $511 and was returned to inventory. 6 The correct company paid $290 freight on the June 5 sale. 7 Purchased $840 of supplies for cash. 10 Purchased $4,250 of merchandise inventory from Fey Wholesalers, terms 2/10, n/30, FOB shipping point. 10 The correct company paid $150 freight costs on the purchase from Fey Wholesalers. 12 Received a $250 credit from Fey Wholesalers for returned merchandise. 14 Paid Sun Supply Co. the amount due. 15 Collected the balance owing from Moose Jaw Retailers. 19 Sold merchandise for $7,200 cash. The cost of this merchandise was $4,500. 20 Paid Fey Wholesalers the balance owing from the June 10 purchase. 25 Made a $480 cash refund to a cash customer for merchandise returned. The returned mer Bandise had a cost of $300. The merchandise was damaged and could not be resold. 30 Sold merchandise to Bauer \& Company for $4,100, terms n/30, FOB shipping point. Swifty's cost for this merchandise was $2,800. Prepare a partial multiple-step income statement, up to gross profit, for the month of June 2024. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or narentheses e d (45)

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