9. In 2020, Retailzilla, Inc. (a retail clothing company) sold 58,000 units of its product at an average price of $160.00 per unit. The company reported estimated returns and allowances in 2020 of 1.0 percent of gross revenue. Retailzilla actually purchased 62,000 units of its product from its manufacturer in 2020 at an average cost of $120.00 per unit. Retailzilla began 2020 with 23,000 units of its product in inventory (carried at an average cost of $120.00 per unit). Operating expenses (excluding depreciation) for Retailzilla, Inc. in 2020 were $1,526,000 and depreciation expense was $95,000. Retailzilla had $4,000,000 in debt outstanding throughout all of 2020. This debt carried an average interest rate of 4.5 percent. Finally, Retailzillas tax rate was 20 percent. Retailzilla's fiscal year runs from January 1 through December 31. Given this information, compute net income for Retailzilla, Inc. for 2020.

10. Referring back to the previous problem, compute Retailzillas ending inventory balance for 2020 (that is, what did Retailzilla report as inventory on its December 31, 2020 balance sheet).

Please answer question 10, question 9 is for the information.