Mike Leaver is the sole proprietor of Pretty Pups, a business specializing in the sale of high-end pet gifts and accessories. Pretty Pups' sales totaled $991,000 during the most recent year. During the year, the company spent $56,500 on expenses relating to website maintenance, $29,000 on marketing, and $27,900 on wrapping, boxing, and shipping the goods to customers. Pretty Pups also spent $639,000 on inventory purchases and an additional $19,900 on freight-in charges. The company started the year with $17,350 of inventory on hand and ended the year with $17,000 of inventory. Prepare Pretty Pups' income statement for the most recent year. Cost of goods sold Prepare Pretty Pups' income statement for the most recent year