At the end of Pina Department Store's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.
\begin{tabular}{lr}
Freight-In & \( \$ 7,300 \) \\
Inventory & 38,800 \\
Purchases & 561,500 \\
Purchase Discounts & 5,900 \\
Purchase Returns and Allowances & 2,900 \\
Sales Revenue & \( 1,119,000 \) \\
Sales Returns and Allowances & 21,300
\end{tabular}
Additional facts:
1. Per a physical count, merchandise inventory on November 30,2022 , is \( \$ 52,100 \).
2. Note that Pina Department Store uses a periodic system.
Prepare an income statement through gross profit for the year ended November 30, 2022.