Jason Jackson is the sole proprietor of Pretty Pups, a businesss specializing in the sale of high-end pet gifts and accessories. Pretty Pups' sales totaled $1,125,000 during the most recent year. During the year, the company spent $58,000 on expenses relating to website maintenance, $30,600 on marketing, and $28,000 on wrapping, boxing, and shipping the goods to customers. Pretty Pups also spent S643,000 on inventory purchases and an additional S19,500 on freight-in charges. The company started the year with S19,100 of inventory on hand and ended the year with $13,700 of inventory. Prepare Pretty Pups' income statement for the most recent year. Begin by calculating the cost of goods sold for the year Pretty Pups Cost of Goods Sold For Current Year Beginning inventory Purchases and freight-in Plus: Cost of goods available for sale Less: Ending inventory Cost of goods sold