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NO. 154 25 The following adjusted account information, in alphabetical order, was taken from the work sheet of John's Electronics for the month ended April 30, 2020. A physical count on April 30, 2020, revealed a merchandise inventory balance actually on hand of $2,480 John Electronics Unadjusted Trial Balance For Month Ended April 30, 2020 Account Debit Credit 201 Accounts payable $ 2,138 Accumulated depreciation, trucks 15,800 101 Cash $ 1,700 611 Depreciation expense, delivery trucks 660 633 Interest expense 110 301 John Yu, capital 27.002 John Yu, withdrawala 9,300 119 Merchandise inventory 5,900 507 Purchase discounts 30 50E Purchase returns and allowances 100 505 Purchases 16,340 413 Sales 34,700 414 Sales returns and allowances 1,760 688 Telephone expense, office 140 689 Telephone expense, store 360 508 Transportation in 400 153 Trucks 29,800 623 Wages expense, office 5,100 624 Wages expense, selling 8,200 Totals $ 79,770 $ 79,770 302 Required: a. Calculate net sales. Net sales Prev 31 of 38 Next > Resum 5,6,8,9,10,Appl? - Sun, Jul 5 - 10 am to 12 pm 6 Saved mi Required: a. Calculate net sales. Net sales b. Calculate cost of goods sold. Cost of goods sold c. Prepare a classified multiple-step income statement for the month ended April 30, 2020. (Input all amounts a JOHN'S ELECTRONICS Income Statement For Month Ended April 30, 2020 Cost of goods sold: Cost of goods sold + Operating expenses Selling expenses:

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