Trim and Perm is a retail chain specializing in salon-quality hair care products. During the year, Trim and Perm had sales of $38,290,000. The company began the year with $3, 100,000 of merchandise inventory and ended the year with $4, 115,000 of inventory. During the year, Trim and Perm purchased $23,580,000 of merchandise inventory. The company's selling, general, and administrative expenses totalled $6, 155,000 for the year. Prepare Trim and Perm's income statement for the year. Trim and Perm Income Statement Beginning inventory Cost of goods available for sale Cost of goods sold Ending inventory Gross profit Operating expenses Operating income Purchases Time Limit: 01:35:00 Next Sales revenue