6-a. If the company debited cost of goods sold and credited inventory for $640,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account?

6-b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year?

6-c. What does the amount of these debits represent?

Joyner Company's income statement for Year 2 follows Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $ 713,000 274,000 439,000 218,000 221,000 Gain on sale of equipment Income before taxes Income taxes Net income 6,000 227,000 68,100 $ 158,900 Its balance sheet amounts at the end of Years 1 and 2 are as follows Year 2 Year 1 AssetS Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment $ 115,800 52,400 142,000 284,000 18,000 703,800 496,400 502,000 131,100 370,900 261,000 318,000 9,000 Less accumulated depreciation Net property, plant, and equipment Loan to Hymans Company Total assets 627,000 165,700 461,300 44,000 $1,209,100 867,300 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds pavable Total 1iabilities Common stock Retained earnings Total stockholders' equity $ 313,000 $ 252,000 56,000 81,300 389,300 114,000e 46,000 85,500 444,500 208,000 652, 500e 340,000 216,600 556,600 2230503,300 273,000 91,000 364,000 . equkho Total liabilities and stockholders equity $1,209,100 $ 867,300 Equipment that had cost $30,400 and on which there was accumulated depreciation of $12,000 was sold during Year 2 for $24,400 The company declared and paid a cash dividend during Year 2. It did not retire any bonds or repurchase any of its own stock