2 Hem Basis of Estimate Low (5%% ) Sales Given $$2,632. J. Cost of Goods Sold Beginning Inventory bar. Given BS2012 $1, 155.H Purchase P= COGS-BI+El $1026.4 Cost of Good Sold Avsibble B1 + P 2 COGSA 15 2,181.8 12 Less: Ending Inventory Estimate Hoodays 151140.8 Cost of Good Sold Castles - GIP Gross Profit 1 Estimate, "Squeeze" 501. Operating Expenses Selling & Administrative VA From 2012 (361.) # 749.5262 Depreciation Same " from 2012 + Renaction $ 107.6 Total Operating Expenses $5857.12 Earning From Operations 15183.88 Unusual Income some$ from 212 Less : InterestExpense . Some # from 2012 $152 10