E2-27A Prepare a retailer's income statement (Learning Objective 5) Neil Webster is the sole proprietor of Prestigious Pugs, a business specializing in the sale of high-end pet gifts and accessories. Prestigious Pugs' sales totaled \\$1,105,000 during the most recent year. During the year, the company spent \\( \\$ 55.000 \\) on expenses relating to website maintenance, \\( \\$ 30,500 \\) on marketing, and \\( \\$ 29,500 \\) on wrapping, boxing, and shipping the goods to customers. Prestigious Pugs also spent \\( \\$ 638,000 \\) on inventory Rurchases and an additional \\( \\$ 19,500 \\) on freight-in charges. The company started the year with \\( \\$ 16,250 \\) of inventory on hand and ended the year with \\( \\$ 16,000 \\) of inventory. Prepere Prestigious Pugs' income statement for the most recent year