At the beginning of the year, Culver had an inventory of $710000. During the year, the company purchased goods costing $2180000. If Culver reported ending inventory of $700000 and sales of $3560000, their cost of goods sold and gross profit rate would be O $2080000 and 38.48%. O $1480000 and 61.52% O $2190000 and 38.48%. O $2190000 and 61.52% Pronghorn's Fabrics sold merchandise for $211000 cash during the month of July. Returns that month totaled $3100. If the company's gross proftrate is 40%, Pronghorn will report monthly net sales revenue and cost of goods sold of O $207900 and $83160. O $207900 and $124740. O $211000 and $126600 O $211000 and $124740