2d4 (6 Points) "ABC" Company operates a retail clothing operation. The company purchases all merchandise inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2011-2014. Account Inventory (Beginning) Accounts payable (ending) Sales revenue 2012 2011 $13,000 $11,300 $14,700 $ 12,200 20,000 2013 2014 135,000 225,700 240,300 235,000 141,000 150,000 132,000 161,000 127,000 Purchases of inventory on account Cash payments to suppliers Instructions (a) (2 Points] What is the cost of goods sold for year 2013? (b) [2 Points] Calculate the gross profit for the year 2013 (c) [2 Points] Calculate the ending balance of accounts payable for the year 2014.