Jodi's Chop Shop is a retail chain specializing in salon-quality hair care products. During the year, Jod's Chop Shop had tales of $39 387.000 The company began the year with $2,985,000 of merchandise inventory and ended the year with $3.785,000 of inventory. During the year, Jodis Chop Shop purchased $23,010,000 of merchandise inventory. The company'seling general and administrative expenses totaled $7.225,000 for the year. Prepare Jool's Chop Shop's income statement for the year Beginning inventory > 200.000 Plus Purchases 23,010,000 Cost of goods available for sale $ 25 995 000 Less Ending inventory 3,785.000 5 Cost of goods sold 22.210,000 Now prepare Jod's Chop Shop's income statement for the year Jodi's Chop Shop Income Statement For the Year Ended 39387000 Sales revenues Less Cost of goods sold Gross profit Less: Operating expenses Operating income