Adding an image to a product record - is this possible?

I am new to Dynamics CRM but hope to become competent enough where someday I can answer a question but for now, many questions.....

Let's say I create products:  chair, table, couch, rug, lamp

is it possible to store an image of the product with the record and then for extra credit - can you display a list of your products where the image is a column that I can return in the report or list so it will show up?

Much appreciated.