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Question 1 At the end of Donaldson Department Store's fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balar Freight-in Inventory Purchases Purchase Discounts $7,400 41,000 596,100 6,500 2,800 1,015,000 21,300 Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances Additional facts: 1. Merchandise inventory on November 30, 2017, is $51,900. 2. Donaldson Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2017 DONALDSON DEPARTMENT STORE Income Statement (Partial) &Sons. Inc. All Rights Reserved. A Division of C