1. Applying the Cost of Goods Sold Model

   The following amounts were obtained from Stanwick Company's accounting records.

   	2019			2020
   Net sales		$382,400			$420,640
   Cost of goods sold:
   Beginning inventory	$36,800			(d)
   Purchases	(a)			296,700
   Goods available for sale	(b)			(e)
   Ending inventory	42,060			(f)
   Cost of goods sold		(c)			295,390
   Gross margin		$111,760			(g)

   Required:

   Compute the missing amounts. Input your answers as positive numbers.

   	2019			2020
   Net sales		$382,400			$420,640
   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	42,060			fill in the blank 5
   Cost of goods sold		fill in the blank 6			295,390
   Gross margin		$111,760			$fill in the blank 7