VI. Periodic Inventory System Don's Convenience Store started in 2011 with beginning inventory of $22,000. During 2011. Don purchased $140,000 of inventory. His sales for 2011 were $250,000. At the end of 2011, Don counted his ending inventory and it amounted to $24.000 Operating expenses for the year were $32,000 Construct an income statement from this information, assuming that Don uses the periodic inventory system