3. Use data from the accounts of Edgewood Company to prepare a partial income statement for the year ended December 31, 20-. Your figures should start with revenue and end with gross profit. (10 Marks) $ 7 200 Ending Inventory $ 50 700 Sales Returns & Allowances Discounts Allowed Selling Expenses 10 300 8 200 Sales Beginning Inventory Purchases Discounts Earned 18 100 Interest Expense 98 800 Purchases Returns & Allowances 372 400 Beginning Equity 42 400 Ending Equity 184 200 Freight-in 17 300 105 300 124 100 10 100