Problem 5-7A At the end of Oates Department Store's fiscal year on November 30, 2017, these accounts appeared in its adjusted trial balance. Freight-In Inventory (beginning) Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances $ 7,388 60,298 894,980 10,220 9,870 1,316,920 29,200 Additional facts: 1 Iventory on November 30, 2017, is $52,852 2. Note that Oates Department Store uses a periodic system Prepare an income statement through gross profit for the year ended November 30, 2017 OATES DEPARTMENT STORE Income Statement (Partial)