please help me complete my homework with the proper labeling.

The following data were extracted from the accounting records of Harkins Company for the year ended April 30, 2018 $10,850 383,000 424,750 Estimated returns of current year sales Inventory, May 1, 2017 Inventory, April 30, 2018 Purchases Purchases returns and allowances Purchases discounts Sales 3,658,200 156,200 76,700 6,090,500 Freight in 16,400 A. Prepare the cost of goods sold section of the income statement for the year ended April 30, 2018, using the periodic inventory system. Be sure to complete the statement heading. Refer to the information given in the exercise and to the list of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries, Colons () will fan where needed. Negative amount should be indicated by the minus sign B. Determine the gross profit to be reported on the income statement for the year ended April 30, 2018. C. Would gross profit be different if the perpetual inventory system was used instead of the periodic inventory system? A. Prepare the cost of merchandise sold section of the income statement for the year ended April 30, 2016, using the periodic inventory system. Be sure to complete the statement heading. Refer to the information given in the exercise and to the list of Accounts, Labels, and Amount Descriptions provided for the exac wording of the answer choices for text entries. Colons () will fall in where needed. Negative amount should be indicated by the minus sign Score: 66/106 $383,000.00 3 4 $ Harkins Company Schedule of Cost of Goods Sold For the Year Ended April 30, 2018 Inventory, May 1, 2017 1 Cost of merchandise purchased: Purchases $3,658,200.00 Purchases returns and allowances (156,200,00) Purchases discounts (76,700.00) Freight in 16,400.00 Total cost of merchandise purchased 1 Cost of goods sold 9 Inventory available for sale 10 Inventory, April 30, 2018 11 Purchases returns and allowances 12 Cost of goods sold 7 3,441,700.00 $424,750.00 Accounts, Labels, and Amount Descriptions Accounts Accounts payable Customer refunds payable Delivery expense Freight in Purchases Purchases discounts Purchases returns and allowances Sales Supplies expense Labels April 30, 2018 For the Year Ended April 30, 2018 Operating expenses Cost of merchandise purchased Amount Descriptions Cost of goods sold Cost of goods sold before estimated returns Estimated returns Expenses Gross profit Inventory, April 30, 2018 Inventory, May 1, 2017 Inventory available for sale Not income Net purchases Revenues Total cost of merchandise purchased B. Determine the gross profit to be reported on the income statement for the year ended April 30, 2016. Points 0/1 C. Would gross profit be different if the perpetual inventory system was used instead of the periodic inventory system? No Points 071 Feedback Check My Work Sales minus the cost of merchandise sold equals the gross profit C. The cost of merchandise sold is subtracted from sales to anive M gross profit. Wil the cost al merchandise sold or sales be a different amount under etter method