Ron Rutland is the sole proprietor of Pampered Pets, a business specializing in the sale of high-end pet gifts and accessories. Pampered Pets' sales totaled $1,105,000 during the most recent year. During the year, the company spent $53,000 on expenses relating to website maintenance, $31,300 on marketing, and $28,500 on wrapping, boxing, and shipping the goods to customers. Pampered Pets also spent $639,000 on inventory purchases and an additional $19,700 on freight-in charges. The company started the year with $19,300 of inventory on hand and ended the year with $12,800 of inventory. Prepare Pampered Pets income statement for the most recent year. TVH VITU Beginning inventory 19300 Purchases and freight-in Plus: Cost of goods available for sale 12800 Ending inventory Less: Cost of goods sold