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Problem 5-6A At the end of Dayton Department Stores fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Freight-In Inventory

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Problem 5-6A At the end of Dayton Department Stores fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Freight-In Inventory Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Retums and Allowances $7,400 41,000 596,100 6,500 2,800 1,015,000 21,300 Additional facts: Merchandise inventory on November 30, 2017, is $51,900. Dayton Department Store uses a periodic system. 1. 2. Prepare an income statement through gross profit for the year ended November 30, 2017. DAYTON DEPARTMENT STORE Income Statement (Partial)

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