(Solved): Johnson' Body Cream Cooperation Adjusted Trial Balance December 31, 2022 Cash Accounts receivable Me ...

Johnson' Body Cream Cooperation Adjusted Trial Balance December 31, 2022 Cash Accounts receivable Merchandise inventory Prepaid rent Office supplies Office equipment Accumulated depreciation: office equipment Accounts payable Sales taxes payable Capital stock Retained earnings Sales Sales returns and allowances Cost of goods sold Purchase discounts lost Utilities expense Office supply expense Depreciation expense: office equipment $129,240 5,120 36,000 3,500 2,800 149,200 Rent expense Insurance expense Salaries expense Income taxes expense 5,000 180,000 65,500 25,000 5,500 116,670 25,260 355,000 200 5,900 2,000 1,245 12,500 5,000 21,500 34,065 $593,270 $593,270 Required: a. Prepare an income statement for Johnson Body Cream Company dated December 31, year 2022. b. Compute the store's gross profit margin as a percentage of net sales. c. Do the store's customers seem to be satisfied with their purchases?