At the end of fiscal year on Dec. 31, 2019, these accounts appeared in its adjusted trial balance. Freight-In 8,000 Inventory 42,000 Purchases 580,000 Purchase Discounts 5,000 Purchase Returns and Allowances 3,000 Sales Revenue 1,000,000 Sales Returns and Allowances 30,000 Additional facts: Ending Merchandise inventory on November 30, 2014, is 60,000. Required: Prepare an income statement through gross profit for the year ended Dec.31,2019