At the end of Larkspur, Inc.s fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.

Freight-In		$7,900
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.