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Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are:

Answer :

Answer:

Trish has income of $211,000

Expenses are $186,000

Explanation:

Income :

Returns and Allowances $340,000

Cost of Goods Sold $326,000

Other deductions $14,000

Gross Profit is $211,000

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