Carols Coffee Co. is a wholesale coffee distributor that purchases coffee from Latin American growers, packages it and then it to coffee shops around the Carolinas. Given the impracticality of tracking coffee beans with the perpetual system, Carol instead uses the periodic inventory system. The following information summarizes the inventory activity during the 2015 fiscal year. During February, Carol purchased $50k of coffee beans from its Latin American Suppliers, with FOB Shipping point terms and $3k of shipping costs. During March, Carol purchased an additional $25k of coffee beans, with FOB destination point and shipping costs of $1k. During May, Carol returned $5k of beans that had spoiled prematurely. The suppliers covered the shipping costs. Throughout the year, Carol took advantage of early payment discounts totaling $5k. On January 1st, 2015, Carol had a beginning inventory balance of $7k. On December, 31st, 2015, Carols employees counted the inventory that was present and determined its value to be $3k. Required: Compute the Cost of Goods Available for Sale and the Cost of Goods Sold for Carols Coffee. Please clearly label each one and show your calculations with appropriate labeling of line items. A. Cost of Goods Available for Sale B. Cost of Goods Sold