At the end of Flounder Department Store's fiscal year on November 30, 2020, 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: $7,600 40,900 585,200 5,900 2,800 1,164,700 20,000 1. Merchandise inventory on November 30, 2020, is $51,800. 2. Flounder Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2020. (Enter negative amounts using either a negative sign pre FLOUNDER DEPARTMENT STORE Income Statement (Partial) Sales Sales Returns and Allowances Less For the Month Ended November 30, 2020 20000 1144700