Problem 12-3A Your answer is partially correct. Try again The income statement of Pina Colada Corp. is presented here Pina Colada Corp Income Statement For the Year Ended November 30, 2017 Sales revenue $7,572,200 Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory $1,892,500 4,339,500 6,232,000 1,613,200 Total cost of goods sold Gross profit Operating expenses 4,618,800 2,953,400 Selling expenses Administrative expenses 451,000 713,700 1,164,700 Net income $1,788,700 Additional information