choices:

beginning inventory

costs of goods available for sale

ending inventory

purchases and freight-in

sales commissions expense

Jason Jackson is the sole proprietor of Pretty Pets, a business specializing in the sale of high-end pet gifts and accessories. Prety Pets' sales totaled $983,000 during the most recent year. During the year, the company spent $58,000 on expenses relating to website maintenance, $33,200 on marketing, and $29,800 on wrapping, boxing, and shipping the goods to customers. Pretty Pets also spent $637,000 on inventory purchases and an additional $20,500 on freight-in charges. The company started the year with S19,100 of inventory on hand and ended the year with $16,800 of inventory. Prepare Pretty Pets' income statement for the most recent year Begin by calculating the cost of goods sold for the year. Pretty Pets Cost of Goods Sold For Current Year Plus: Less Cost of goods sold