Applying the Cost of Goods Sold Model The following amounts were obtained from Stanwick Company's accounting records. 2019 2020 Net sales $388,600 $427,460 Cost of goods sold: Beginning inventory $36,800 (d) Purchases (a) 296,700 Goods available for sale (b) (e) Ending inventory 42,740 (f) Cost of goods sold (c) 296,070 Gross margin $123,040 (g) Required: Compute the missing amounts. Input your answers as positive numbers. 2019 2020 Net sales $388,600 $427,460 Cost of goods sold: Beginning inventory $36,800 $fill in the blank 1 Purchases fill in the blank 2 296,700 Goods available for sale fill in the blank 3 fill in the blank 4 Ending inventory 42,740 fill in the blank 5 Cost of goods sold fill in the blank 6 296,070 Gross margin $123,040