At the beginning of the year, Novak had an inventory of $550000. During the year, the company purchased goods costing $2340000, It Novak reported ending inventory of $970000 and sales of $2920000, their cost of goods sold and gross profit rate would be O $1920000 and 34.25% o $1370000 and 65.75% O $1920000 and 65.75% O $1550000 and 34.25% a b. Using the following information, prepare a bank reconciliation for Wildhorse Company for May 31, 2022. The bank statement balance is $8,500. The cash account balance is $6,660. Outstanding checks totaled $2,070. Deposits in transit are $890. The bank service charge is $20. f Collection of note by the bank. $680. c. d. e. Wildhorse Company Bank Reconciliation V >