(b1) Your answer is partially correct. Indicate the income statement reporting by Oriole at March 31, 2025, of the information related to the Blue Spruce sales transaction. Sales Revenue ORIOLE COMPANY Income Statement (Partial) For the Year Ended March 31, 2025 Less : Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit 9400 658 8742 5580 3162 On March 10, 2025, Oriole Company sold to Blue Spruce Hardware 200 tool sets at a price of $47 each (cost $30 per set) with terms of n/60, f.o.b. shipping point. Oriole allows Blue Spruce to return any unused tool sets within 60 days of purchase. Oriole estimates that (1) 10 sets will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2025, Blue Spruce returned 7 tool sets and received a credit to its account.

! Required information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold. Sales discounts Selling expenses VITAMIX Use the above information to prepare the gross profit section of a multiple-step income statement. Income Statement For Year Ended December 31 H $ 60,000 90,000 17,000 11,000 80,000 ▬▬ 2,000 24,000 O < Prev 5 W of 10 M

Required Information [The following information applies to the questions displayed below] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold Sales discounts Selling expenses $ 92,000 122,000 33,000 14,200 88,000 5,200 56,000 Use the above information, to compute (a) net sales and (b) gross profit. a. Net sales b. Gross profit

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Required information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold Sales discounts Selling expenses $ 60,000 90,000 17,000 11,000 80,000 2,000 24,000 Use the above information, to compute (a) net sales and (b) gross profit. a. Net sales b. Gross profit < Prev 5 hp of 10

Prepare an income statement for Hansen Realty for the year ended December 31, 2023. Beginning inventory was $1,242. Ending inventory was $1,594. Note: Input all amounts as positive values. Sales Sales returns and allowances Sales discount Purchases Purchase discounts Depreciation expense Salary expense Insurance expense Utilities expense Plumbing expense Rent expense HANSEN REALTY Income Statement For Year Ended December 31, 2023 Gross profit from sales Operating expenses: $ 34,300 1,086 1,146 10,212 Total operating expenses 534 109 4,900 2,300 204 244 174

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Blossom Company provides the following information for the month ended October 31, 2022: sales on credit $280,100, cash sales $100,100, sales discounts $5,100, and sales returns and allowances $10,100.Prepare the sales section of the income statement based on this information. BLOSSOM COMPANYIncome Statement (Partial)choose the accounting period                                                           For the Year Ended October 31, 2022For the Month Ended October 31, 2022October 31, 2022 select an opening section name                                                           DrawingsExpensesNet Income / (Loss)SalesTotal ExpensesTotal RevenuesNet SalesOwner's Capital, October 1Owner's Capital, October 31Cost of Goods SoldGross Profit         select an item       $enter a dollar amount  select between addition and deduction                                                           AddLess:            select an item     $enter a dollar amount      select an…

! Required information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General and administrative expenses Sales returns Cost of goods sold Sales discounts Selling expenses FELS U VITAMIX Use the above information to prepare the gross profit section of a multiple-step income statement. $ 60,000 90,000 17,000 11,000 80,000 2,000 24,000 Income Statement For Year Ended December 31