Emile Kokott, a former disc golf star, operates Emiles Discorama, SA uses a periodic inventory system. At the beginning of the current season on November 1, the ledger of Emiles Discorama showed Cash $21,850, Inventory $42,150, and Share CapitalOrdinary $44,000. At the end of fiscal year November 30, 2019, these accounts appeared in its adjusted trial balance. Purchases $585,000 Purchase Discounts 5,100 Purchase Returns and Allowances 2,900 Freight-In 7,500 Sales Revenue 1,200,000 Sales Returns and Allowances 28,500 Sales Discount 16,500 Freight-out 6,500 Salary expenses 24,000 Rent expenses 18,000 Supplies expenses 7,000 Interest expenses 6,000 Additional facts: 1. Merchandise inventory on November 30, 2019, is $54,600. Calculate Cost of Goods sold for November 30, 2019. Prepare an income statement through gross profit for the year ended November 30, 2019