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Problem 5-6A At the end of Novak Corp.'s fiscal year on November 30, 2019, these accounts appeared in its adjusted trial balance. Freight-In Inventory Purchases

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Problem 5-6A At the end of Novak Corp.'s fiscal year on November 30, 2019, these accounts appeared in its adjusted trial balance. Freight-In Inventory Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances $7,600 40,400 595,400 6,300 2,700 1,106,000 19,700 Additional facts: 1. Merchandise inventory on November 30, 2019, is $50,200. 2. Novak Corp. uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2019. Novak Corp. Income Statement (Partial) . Prepare an income statement through gross profit for the year ended November 30, 2019. Novak Corp. Income Statement (Partial) $ > $ $ 4 LINK TO TEXT LINK TO TEXT

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