Part $5$ of $5$

Points: $0\mathrm{.}52$ of $2$

Sav

Jonsider the data of the following companies which use the periodic inventory system:

$($Click the icon to view the data.$)$

ead the requirements.

equirement $2.$ Prepare the income statement for the year ended December $31,2025,$ for Large Company, which uses the periodic inventory system. Include a complete heading and how the full computation of cost of goods sold. Large's operating expenses for the year were $$12,000.$

ost of Goods Sold:

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