Homework: Homework Chapter B2 Save Score: 0.36 of 1 pt 4 of 14 (4 complete) HW Score: 13.44%, 3.36 of 25 pts E2-23A (similar to) Question Help Tom Reynold is the sole proprietor of Stately Pets, a business specializing in the sale of high-end pet gifts and accessories. Stately Pets' sales totaled $1,125,000 during the most recent year. During the year, the company spent $52,000 on expenses relating to website maintenance, $33,000 on marketing, and $28,500 on wrapping, boxing, and shipping the goods to customers. Stately Pets also spent $640,000 on inventory purchases and an additional $19,700 on freight-in charges. The company started the year with $19,100 of inventory on hand and ended the year with $13,700 of inventory. Prepare Stately Pets' income statement for the most recent year. Cost of goods available for sale 678,800 13,700 Less: Ending inventory 665,100 Cost of goods sold Prepare Stately Pets' income statement for the most recent year. Stately Pets Income Statement For Current Year Less Less Choose from any list or enter any number in the input fields and then click Check