At the end of Hotai Department Store, Ltd.s fi scal year on December 31, 2017, these accounts appeared in its adjusted trial balance. Freight-In NT$ 165,000 Inventory 1,215,000 Purchases 13,200,000 Purchase Discounts 360,000 Purchase Returns and Allowances 192,000 Sales Revenue 21,540,000 Sales Returns and Allowances 510,000 Additional facts: 1. Merchandise inventory on December 31, 2017, is NT$1,950,000. 2. Hotai Department Store, Ltd. uses a periodic system. Instructions Prepare an income statement through gross profi t for the year ended December 31, 2017.