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1. The following information pertains to Bright Toy Company's operating activities for 2012. The company sells light box toys and sold 10,000 units in

1. The following information pertains to Bright Toy Company's operating activities for 2012. The company sells light box toys and sold 10,000 units in 2012. Purchases Selling and Administrative Expenses Merchandise inventory, 1/1/2012 Merchandise inventory, 12/31/2012 $126.000 90,000 14,000 10,000 250,000 Sales Revenue Requirements: 1. What is the cost of goods available for sale for 2012? 2. What is the cost of goods sold for 2012? 3. What is the gross profit for 2012? 4. What is the operating income for 20127

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