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Prepare an income statement through gross profit for the year ended November 30, 2022. ORIOLE DEPARTMENT STORE Income Statement (Partial) At the end of Oriole
Prepare an income statement through gross profit for the year ended November 30, 2022. ORIOLE DEPARTMENT STORE Income Statement (Partial) At the end of Oriole Department Store's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Freight-In $4,160 Inventory (beginning) 40,400 Purchases 604,000 Purchase Discounts 6,100 Purchase Returns and Allowances 5,860 Sales Revenue 893,000 Sales Returns and Allowances 19.100 Additional facts: 1. Inventory on November 30, 2022, is $35,300. 2. Note that Oriole Department Store uses a periodic system
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