At the beginning of the year, Blue Spruce had an inventory of $580000. During the year, the company purchased goods costing $2080000. If Blue Spruce reported ending inventory of $950000 and sales of $3720000, their cost of goods sold and gross profit rate would be O $1710000 and 45.97%. O $2590000 and 54.03%. O $1130000 and 45.97%. O $1710000 and 54.03%