At the end of Ayayai Department Store's fiscal year on December 31, 2020, these accounts appeared in its adjusted trial balance. Freight-In NT$172,000 Inventory 1,305,000 Purchases 12,600,000 Purchase Discounts 397,000 Purchase Returns and Allowances 219,000 Sales Revenue 27,440,000 Sales Returns and Allowances 522,000 Additional facts: 1. Merchandise inventory on December 31, 2020, is NT$1,946,000. 2. Ayayai Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended December 31, 2020. AYAYAI DEPARTMENT STORE Income Statement (Partial)