At the end of Sunland Department Store's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Freight-In $5,660
Inventory (beginning) 41,900
Purchases 619,000
Purchase Discounts 7.600
Purchase Returns and Allowances 7,360
Sales Revenue 908,000
Sales Returns and Allowances 20,600 Additional facts: 1. Inventory on November 30, 2022, is $36,800. 2. Note that Sunland Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2022.
