Blooming Flower Company was started in Year $1$ when it acquired $$60,200$ cash from the issue of common stock. The following data summarize the company$$s first three years$$ operating activities. Assume that all transactions were cash transactions.

Year $1$ Year $2$ Year $3$

Purchases of inventory $ $22,300$ $ $11,600$ $ $19,100$

Sales $27,90031,30036,800$

Cost of goods sold $11,70017,40018,800$

Selling and administrative expenses $5,4808,1709,150$ balance sheet and income statements