Tom Reynolds is the sole proprietor of Pampered Pets, a business specializing in the sale of high-end pet gifts and accessories. Pampered Pets' sales totaled $986,000 during the most recent year During the year, the company spent $58,500 on expenses relating to website maintenance, $30,700 on marketing, and $28,500 on wrapping, boxing, and shipping the goods to customers. Pampered Pets also spent $640,000 on inventory purchases and an additional $19,500 on freight-in charges. The company started the year with $18,000 of inventory on hand and ended the year with $12,800 of inventory Prepare Pampered Pets' income statement for the most recent year Begin by calculating the cost of goods sold for the year Pampered Pets Cost of Goods Sold For Current Year Prchases and freight-in Plus: Beginning inventory Cost of goods available for sale Less Ending inventory Cost of goods sold Prepare Pampered Pets' income statement for the most recent year S 659,500 18,000 677 500 12,800 S664.700 es Choose from anyst or enter any number in the input fields and then click Check