At the end of Larkspur, Inc.$\text{'}$s fiscal year on November $30,2022,$ these accounts appeared in its adjusted trial balance.

Freight$-$In $-7900$

Inventory $-39,700$

Purchases $-575,800$

Purchase Discounts $-6,300$

Purchase Returns and Allowances $-2,900$

Sales Revenue $-1,047,200$

Sales Returns and Allowances $-17,700$

Additional facts:

$1.$ Merchandise inventory on November $30,2022,$ is $$51,100.$

$2.$ Note that Larkspur, Inc. uses a periodic system.

Prepare an income statement through gross profit for the year ended November $30,2022.$