A sole proprietorship had the following assets and liabilities at the beginning and end of this year. If the owner made no withdrawals during the year but did invest an additional $45,000 cash. The net income earned or net loss incurred by the business during the year is: (If the answer is a net loss, it should be indicated with a minus sign) Numeric Response A company has inventory of 10 units at a cost of $10 each on June 1 . On June 3 , it purchased 20 units at $12 each. 12 units are sold on June 5 . Using the FIFO inventory method, what is the cost of the 12 units that were sold