17. ABC Company provided the following information regarding its inventory and purchases for its n running shoes. Complete the truncated calculation of cost of goods sold, net income, and cash flows from operations in the below table (15 pts, 5 pts/per column). ew Description No. of Units Unit Cost Total Cost Beginning Inventory Purchases (1/15/2017) Purchases (1/25/2017) Totals 50 25 20 95 $75 80 95 $3,750 2,000 1,900 $7,650 Average Cost ($7,650/95): $81 Ending Inventory: 30 Units Total Sales: $10,000 FIFO LIFO Avg. Cost Beginning Inventory $3,750 $3,750 $3,750 Goods Available for Sales - Ending Inventory Cost of Goods Sold Sales Cost of Goods Sold Gross Profit Income Tax (10%) Net Income $10,000 $10,000 $10,000 Net Income Change in Inventory Cash flows from Operating