3,300 20,000 2000 000 Question Six: (5 marks) Swann Company uses a periodic inventory system and has these account balances on December 31, 2021: Purchases $600,000; Purchase Returns and Allowances $25,000, Purchase Discounts $11,000, Freight-in $19,000; beginning inventory of $45,000; ending inventory of $55,000, and net sales of $750,000, Freight out $5,000; Sales discount $3,000, Required: Determine the following for the year ended December 31, 2021. 1-Net Purchases 2- Cost of goods purchased 3- Cost of goods available for sale 4-COGS