26) The following data pertain to Home Office Company for the year ended December 31, 2019: (4) Sales (25% were cash sales) during the year Sales returns and allowances Uneamed sales revenue Cost of goods sold during the year Sales commission expense Beginning inventory Inventory purchases (10% were cash purchases) during the year $1,200,000 50,000 175,000 690,000 100,000 419,800 738.200 Sales tax rate 5% a. How much cash was used to purchase inventory? b. What is the gross profit percentage? c. Compute the balance in the inventory account on December 31, 2019. d. What is the sales tax collected for the year? ance in the end for the year? Use this space for your calculations. Enter the results on the answer sheet. 5D MacBook Air