Question 3 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 6,578 53,690 796,900 9,100 8,788 1,172,600 26,000 Additional facts 1. Inventory on November 30, 2017, is $47,060. 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) Question 3 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 6,578 53,690 796,900 9,100 8,788 1,172,600 26,000 Additional facts 1. Inventory on November 30, 2017, is $47,060. 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)