obj 2 a. Cost of merchandise sold, $1,310,000 E4-4 Cost of merchandise sold and related items The following data were extracted from the accounting recordsofcaz company for t ended April 30, 20Y2: Catz Company for the year Merchandise inventory, May 1, 20Y1 Merchandise inventory, April 30, 20Y2 Purchases Purchases returns and allowances Purchases discounts Sales Freight in 175,000 240,000 1,400,000 20,000 18,000 2,250,000 13,000 a. Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 20Y2, using the periodic inventory system. b. Determine the gross profit to be reported on the income statement for the year ended Apri 30, 20Y2