33. On January 1, 2010, the merchandise inventory of Glaus, Inc. was $800,000. During 2010 Glaus purchased $1,600,000 of merchandise and recorded sales of $2,000,000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Glaus at December 31, 2010? Ino. 800,000 a. $400,000 Purchases 1 600,000 b. $500,000 Goods acmil $900,000. 2106,000 d. $1,500,000 Sales 2,600,000 Less GP (25 of 2peones) bro (1,500,000)