Prepare a partial multiple-step statement of income for the year ended April 30, 2024, through to gross profit. Sales Cost of Goods Sold Inventory, May 1, 2023 Purchases Less : Purchase Discounts Net Purchases Add Freight In Cost of Goods Purchased Cost of Goods Available for Sale Less : Inventory, April 30, 2024 GROUPER LTD. Statement of Income (Partial) Year Ended April 30, 2024 +A $ You have been provided with the following selected accounts for Grouper Ltd. for the year ended April 30, 2024: Inventory, May 1, 2023 $571,000 Interest expense $31,000 Purchases 5,922,000 Interest income 22,000 Accounts receivable 798,000 Accounts payable 593,000 Sales 9,230,000 Administrative expenses 800,000 Purchase discounts 42,000 Selling expenses 162,000 Freight in 127,000 Cash 146,000 Land 857,000 Common shares 196,000 Grouper conducted a physical inventory count on April 30, 2024. Inventory on hand at that date was determined to be $763,100.