Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 2018 , using the periodic inventory system.

Cost of goods sold and related items The following data were extracted from the accounting records of Harkins Company for the year ended April 30, 2018: Estimated returns of current year sales $ 11,500 Inventory, May 1, 2017 $365,200 Inventory, April 30, 2018 456,600 Purchases 2,967,600 Purchases returns and allowances 91,300 Purchases discounts 54,800 Sales 4,565,600 Freight in 13.700 a. Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 2019, using the periode mivel Harkins Company Income Statement For the Year Ended April 30, 2018 Cost of merchandise purchased CW akeAssignment/take AssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator Calculator a. Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 2018, u Harkins Company Income Statement For the Year Ended April 30, 2018 Cost of merchandise purchased: Cost of goods sold b. Determine the gross profit to be reported on the income statement for the year ended April 30, 2018 c. Would gross proft be different if the perpetuaventory system was used nstead of the periodic ventory system Check My Work more Check uses temang All work saved