2 pts Question 13 Refer to Mills Corp. Calculate the cost of goods sold for Mills Corp. $241,000 $211,000 $275,000 $259,000 Question 14 2 pts Refer to Mills Corp. Calculate the gross profit. O $275,000 $289,000 $425,000 $241,000 Use the following information for Questions 13 - 15: Mills Corp. is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $500,000 Purchases 225,000 Inventory (Beginning) 16,000 Inventory (Ending) 30,000 Operating Expenses 148,000 Income Tax Expense 10,000 Retained Earnings (beginning) 53,000 Dividends 15,000 Question 13 2 pts - 2 bu FB DD 510 6 5 & 7 6 00 * 9 0 7 . . U 0 Question 15 2 pts Refer to Mills Corp. Calculate net income. $141,000 $131,000 $116,000 $289,000