Question 7, E2-24A (similar to) > Salhabou Njie 01/26/22 4:55 PM HW Score: 51.86%, 6.74 of 13 points O Points: 0 of 1 Save Noelle Webster is the sole proprietor of Pampered Paws, an e-tail business specializing in the sale of high-end pet gifts and accessories. Pampered Paws' sales totalled $995,000 during the most recent year. During the year, the company spent $63,000 on expenses relating to website maintenance; $30,000 on marketing, and $29,000 on wrapping, boxing, and shipping the goods to customers. Pampered Paws also spent $646,000 on inventory purchases and an additional $27,000 on freight-in charges. The company started the year with $23,000 of inventory on hand and ended the year with $22,000 of inventory. Prepare Pampered Paws' income statement for the most recent year. Cost of goods sold Operating expenses: Income Statement Total operating expenses Operating income For Last Year Question 7, E2-24A (similar to) > Salhabou Njie 01/26/22 4:55 PM HW Score: 51.86%, 6.74 of 13 points O Points: 0 of 1 Save Noelle Webster is the sole proprietor of Pampered Paws, an e-tail business specializing in the sale of high-end pet gifts and accessories. Pampered Paws' sales totalled $995,000 during the most recent year. During the year, the company spent $63,000 on expenses relating to website maintenance; $30,000 on marketing, and $29,000 on wrapping, boxing, and shipping the goods to customers. Pampered Paws also spent $646,000 on inventory purchases and an additional $27,000 on freight-in charges. The company started the year with $23,000 of inventory on hand and ended the year with $22,000 of inventory. Prepare Pampered Paws' income statement for the most recent year. Cost of goods sold Operating expenses: Income Statement Total operating expenses Operating income For Last Year