5 Exercise 4-20A (Algo) Effect of inventory transactions on the income statement and balance sheet: Periodic system (Appendix) LO 4.9 2 points Bil Rose owns Rose Sporting Goods. At the beginning of the year, Rose Sporting Goods had $2,500 in inventory. During the year, Rose Sporting Goods purchased inventory that cost $13,100. At the end of the year, inventory on hand amounted to $3.700 Required a. Calculate the cost of goods available for sale during the year Box Goods available for sale Print References b. Calculate the cost of goods sold for the year Cost of goods sold c. Calculate the amount of inventory Rose Sporting Goods would report on its year end balance sheet Mechando