At the end of Pina Department Store’s fiscal year on November 30, 2020, these accounts appeared in its adjusted trial balance. Freight-In $7,300 Inventory 38,800 Purchases 561,500 Purchase Discounts 5,900 Purchase Returns and Allowances 2,900 Sales Revenue 1,119,000 Sales Returns and Allowances 21,300 Additional facts: 1. Merchandise inventory on November 30, 2020, is $52,100. 2. Pina Department Store uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2020.