At the end of oates department store’s fiscal year on november 30, 2017, these accounts appeared in its adjusted trial balance. freight-in $ 5,161inventory (beginning) 42,126purchases 625,260purchase discounts 7,140purchase returns and allowances 6,895sales revenue 920,040sales returns and allowances 20,400additional facts: 1. inventory on november 30, 2017, is $36,924.2. note that oates department store uses a periodic system. prepare an income statement through gross profit for the year ended november 30, 2017.

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)