2. The income statement of Jue's Luggage includes the items listed below. 15 Points Net sales $900.000 Gross profit 315.000 Beginning inventory 80.000 Purchase discounts 15,000 Purchase returns and allowances Freight-in 300,000 Operating expenses Purchases 560,000 8.000 10 000 Instructions Use the appropriate items listed above as a basis for determining (a) Cost of goods sold 900,000 - CALOOC 315.000 560,000 23.000 537,000 + 10.000 547,000 + 80,000 627,000 (b) Cost of goods available for sale il Ending inventory