Please answer problem #16, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

At the end of Cullumber Department Store's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Freight-In $ 5,160 Inventory (beginning) 41,400 Purchases 614,000 Purchase Discounts 7,100 Purchase Returns and Allowances 6,860 Sales Revenue 903,000 Sales Returns and Allowances 20,100 Additional facts: 1. Inventory on November 30, 2022, is $ 36,300. 2. Note that Cullumber Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2022 CULLUMBER DEPARTMENT STORE Income Statement (Partial) 4 : $