You have been provided with the following selected accounts for Martinez Ltd. for the year ended April 30, 2021:

Inventory, May 1, 2020		$604,000		Interest expense		$28,000
Purchases		5,942,000		Interest income		21,000
Accounts receivable		819,000		Accounts payable		577,000
Sales		9,211,000		Administrative expenses		809,000
Purchase discounts		37,000		Selling expenses		154,000
Freight in		124,000		Cash		158,000
Land		906,000		Common shares		190,000

Martinez conducted a physical inventory count on April 30, 2021. Inventory on hand at that date was determined to be $733,140.

You have been provided with the following selected accounts for Martinez Ltd. for the year ended April 30, 2021: Inventory, May 1, 2020 $604,000 Interest expense $28,000 Purchases 5,942,000 Interest income 21,000 Accounts receivable 819,000 Accounts payable 577,000 Sales 9,211,000 Administrative expenses 809,000 Purchase discounts 37,000 Selling expenses 154,000 Freight in 124,000 Cash 158,000 Land 906,000 Common shares 190,000 Martinez conducted a physical inventory count on April 30, 2021. Inventory on hand at that date was determined to be $733,140. Prepare a partial multiple-step statement of income for the year ended April 30, 2021, through to gross profit. MARTINEZ LTD. Statement of Income (Partial) Year Ended April 30,2021 Sales Cost of Goods Sold Gross profit $ Inventory, May 1, 2020 69 Add Purchases