Question 13 Your answer is partially correct. Try again. 40,100 At the end of Crane Department Store's fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance. Freight-In $ 3,860 Inventory (beginning) Purchases 601,000 Purchase Discounts 5,800 Purchase Returns and Allowances 5,560 Sales Revenue 890,000 Sales Returns and Allowances 18,800 Additional facts: 1. Inventory on November 30, 2022, is $35,000. 2. Note that Crane Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2022. CRANE DEPARTMENT STORE Income Statement (Partial) For the Year Ended November 30, 2022 Sales Sales Revenue 890,000 Less V Sales Returns and Allowances 18,800 Net Sales 871200 Cost of Goods Sold Inventory, December 1, 2021 40,100 Purchases 601,000 Less V Purchase Returns and Allowances 5,560 Purchase Discounts 5,800 11360 Net Purchases 218740 | Add Freight-In Cost of Goods Purchased Cost of Goods Available for Sale V Less V Inventory, November 30, 2022 V 35,000 Cost of Goods Sold Gross Profit Click if you would like to Show Work for this question: Open Show Work