oods sold and gross odic system P5.7A (LO 4, 5), AP At the end of Oates Department Store's fiscal year on November 30, 2022, the accounts appeared in its adjusted trial balance. Freight-In $ 5,060 Inventory (beginning) 41,300 Purchases 613,000 Purchase Discounts 7,000 Purchase Returns and Allowances 6,760 Sales Revenue 902.000 Sales Returns and Allowances 20,000 Additional facts: 1. Inventory on November 30, 2022, is $36,200. 2. Note that Oates Department Store uses a periodic system. Instructions Prepare an income statement through gross profit for the year ended November 30, 2022. $272,600