Cost of goods sold and related Items The following data were extracted from the accounting records of Harkins Company for the year ended April 30, 2018: Estimated returns of current year sales $ 12,100 Inventory, May 1, 2017 $ 454,500 Inventory, April 30, 2018 568,100 Purchases 3,692,800 Purchases returns and allowances 113,600 Purchases discounts 68,200 Sales 5,681,200 Freight in 17,000 a. Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 2018, using the periodic Inventory system. Harkins Company Income Statement For the Year Ended April 30, 2018 Cost of merchandise purchased: Marlon Company Income Statement For the Year Ended April 30, 2018 Cost of merchandise purchased Cost of goods sold b. Determine the gross profit to be reported on the income statement for the year ended Apr 30, 2018 c. Would gross profit be different the perpetuitary system was estade the product www MacBook Pro A $ 4 $ 5 & 7 8 6 0 9 R T Y U G F H J J V B N M 9