202,000 470,000 Beginning inventory Purchases of inventory on credit during the year Cost of goods sold during the year Sales (80% on credit) during the year 60% of sales 830,000 The following data pertain to Zucker Scarf and Hat for the year ended December 31, 2020 E (Click the icon to view the data.) Required a. Prepare entries for the following transactions using a perpetual inventory system i. Purchase of inventory during 2020 ii. Sales during 2020 iii. Cost of goods sold during 2020 b. Compute the balance in the Inventory account on December 31, 2020