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 $ 6,376 Inventory (beginning) 52,038 Purchases 772,380 Purchase Discounts 8,820 Purchase Returns and Allowances 8,518 Sales Revenue 1,136,520 Sales Returns and Allowances 25,200 Additional facts: 1. 2. Inventory on November 30, 2017, is $45,612. 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) 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)