Income summary 6,800.40
Sales 264,048.10
Sales Discounts 5,941.00
Sales Returns and Allowances 7,921.40
Purchases 96,905.70
Transportation In 10,826.00
Purchases Discounts 3,168.60
Purch. Ret. and Allow. 4,224.80
Advertising Expense 12,444.10
Bankcard Fees Expense 5,281.00
Insurance Expense 1,050.00
Miscellaneous expense 2,732.00
Rent Expense 18,000.00
Supplies Expense 2,587.70
Utilities Expense 6,601.20
Fed. Corp. Inc. Tax Exp. 22,253.00
199,343.50 271,441.50
Net Income 72,098.00
271,441.50 271,441.50
Referring to the Income Statement in question #19, the ending of
merchandise inventory was _____ than the beginning merchandise inventory?
a. smaller
b. larger