At the end of oates department store’s fiscal year on november 30, 2017, these accounts appeared in its adjusted trial balance. freight-in $ 5,161inventory (beginning) 42,126purchases 625,260purchase discounts 7,140purchase returns and allowances 6,895sales revenue 920,040sales returns and allowances 20,400additional facts: 1. inventory on november 30, 2017, is $36,924.2. note that oates department store uses a periodic system. prepare an income statement through gross profit for the year ended november 30, 2017.