2. See the following information: Net sales Purchases Purchases returns and allowances Purchases discounts Freight - In Beginning merchandise inventory Ending merchandise inventory $198,000 92,000 1,800 1,250 1,590 63,000 37,000 a) Compute the Net purchases. b) Compute the Cost of Goods purchased. c) Compute the Cost of Goods Sold. d) Compute Gross Profit