Financial Accounting: P5-5A At the end of Gordman Department Store's fiscal year

Financial Accounting 
P5-5A 
At the end of Gordman Department Store's fiscal year on December 31, 2010, these accounts appeared in its unadjusted trial balance. 
Freight-in 5,636 
Merchandise Inventory 51,877 
Purchases 474,319 
Purchase Discounts 12,449 
Purchases Returns and Allowances 7,671 
Sales 757,597 
Sales Returns and Allowances 8,680 

Additional facts: 
1. Merchandise inventory on December 31, 2010, is $82,342. 
2. Note that Gordman Department Store uses a periodic system. 

Instructions 
Prepare an income statement through gross profit for the year ended December 31, 2010. (List amounts from largest to smallest eg 10, 5, 3, 2.)
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