The list of accounts of Guardian Company contained the following information: Accounts Amount $
Sales 750,000
Sales Returns and Allowances 20,000
Rent Expense 5,000
Purchases 600,000
Sales Discounts 7,000
Purchase Returns and Allowances 25,000
Cost of Goods Sold ?
Interest Revenue 15,000
Sales commission 15,000
Purchase Discounts 11,000
Interest Expense 10,000
Freight-out 2,000
Store Salaries Expense 50,000
Freight-in 19,000
Utilities Expense 28,000
Depreciation Expense 7,000
Dividend revenue 5,000
Beginning inventory 45,000
Rent Revenue 10,000
Ending inventory 55,000
Lawsuit defrayal expense 8000
Accumulated depreciation 15000

Instruction:
Use the above information to prepare a multiple-step income statement for the year ended
December 31, 2019. (Show the calculation of COGS)

sorry I don't know the answer ,but I want to ask u something ,r u a accounting student if yes please comment.i am also a accounting student but on learning stage so I don't know the answer,

is this part of a question or something

"it's not the heat, it's the humidity".   that's a partly valid phrase you may have heard in the summer, but it's actually both.   the heat index, also known as the apparent temperature, is what the temperature feels like to the human body when relative humidity is combined with the air temperature.   this has important considerations for the human body's comfort.   when the body gets too hot, it begins to perspire or sweat to cool itself off.   if the perspiration is not able to evaporate, the body cannot regulate its temperature.   evaporation is a cooling process.   when perspiration is evaporated off the body, it effectively reduces the body's temperature.   when the atmospheric moisture content (i.e. relative humidity) is high, the rate of perspiration from the body decreases.   in other words, the human body feels warmer in humid conditions.   the opposite is true when the relative humidity decreases because the rate of perspiration increases.   the body actually feels cooler in arid conditions.   there is direct relationship between the air temperature and relative humidity and the heat index, meaning as the air temperature and relative humidity increase (decrease), the heat index increases (decreases).

step-by-step explanation: