A review of the general ledger of East Hills Company provides the following data for the FYE 12-31-2019 Sales Revenue Inventory at 12-31-2018 Purchases in 2019 $5,455,890 $654,900 $2,996,980 The Company employs a pricing model that yields 45% gross profit on sales. Required: A. Calculate and write in the following information: i Write in the Cost of Goods Available for Sale (COGAFS): Write in your expectation of Cost of Goods Sold (COGS): 3 Write in your expectation of Gross Profit (GP): 4 Write in your expectation of Ending Inventory: Use this space for your calculations: If a physical count of Ending Inventory revealed inventory on hand at December 31, 2019 actually $1,100,350 select the best reason as to why? A) Some inventory was lost or stolen B) Sales were understated for the period C) Sales were overstated for the period C) Accounts Payable are understated D) Accounts Receivable are overstated