At the end of Crane Department Store's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Freight-In Inventory (beginning) Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances Additional facts: 1. 2. $4,960' 41,200 612,000 Search 6,900 6,660 901,000 Inventory on November 30, 2022, is $36,100. Note that Crane Department Store uses a periodic system. 19,900 Prepare an income statement through gross profit for the year ended November 30, 2022. CRANE DEPARTMENT STORE Income Statement (Partial) For the Year Ended November 30, 2022

At the end of Crane Departinent Store's fiscal year on November 30,2022, these accounts appeared in its adjusted trial balance. Additional facts: 1. Inventory on November 30,2022 , is $36,100. 2. Note that Crane Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30,2022 Inventory, December 1.2021 Purchases Less Purchase Returns and Aliowances Purchase Discounts s Net Purchases: Add : Freight-1n Cost of Goods Purchased Cost of Goods Avallable for Sole Less v : inventory, November 30,2022 Cost of Goods Sold Gross Proht \( 5 \longdiv { 4 1 2 0 0 } \) 6660 6900