At the end of fiscal year on Dec. 31, 2019, these accounts appeared in its adjusted trial balance Freight-In Inventory Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances Additional facts 8,000 42,000 580,000 5,000 3,000 1,000,000 30,000 .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