Complete the income statement. Frank's Nursery had gross sales of $3,321,000 with returns of $51,000. The inventory on January 1 was $577,000. During the year $1,325,000 worth of goods was purchased with freight of $5200. The inventory on December 31 was $598,000. Wages and salaries were $84,200, rent was $12,800, advertising was $24,500, utilities were $6400, business taxes totaled $8200, and miscellaneous expenses were $8300.

A. 1) $3,321,000, 2) $51,000, 3) $3,270,000, 4) $1,309,200, 5) $1,960,800,
B. 1) $3,321,000, 2) $51,000, 3) $3,270,000, 4) $1,298,800, 5) $1,971,200,
C. 1) $3,321,000, 2) $51,000, 3) $3,372,000, 4) $1,309,200, 5) $2,062,800,
D. 1) $3,321,000, 2) $51,000, 3) $3,270,000, 4) $1,309,200, 5) $1,960,800,