Test: Week 3 -review assessment 1 Submit Test This Question: 1 p 13 of 16 (15 complete) This Test: 16 pts possible Precious Curls is a retail chain specializing in salon-quality hair care products. During the year Precious Curls had sales of $39.235 000. The company began the year with $3.775.000 of merchandise inventory a inventory The company's seling general, and administrative expanses totaled nd ended the year with $4,750 000 of inventory During the year, Precious Curls purchased $24 215000 of merchandse $6.150 000 for the year Prepare Precious Curls' income statement for the year Begin by calculating Precious Curls cost of goods sold using the table below Precious Curls Celculation of Cost of Goods Sold For the Year Ended Sales revenues and men continue to the next