Charlie Distributors uses the periodic inventory system. Charlie reported these amounts at March 31, 2020: (Click the icon to review the data.) Compute Charlie Distributors': a. Net sales revenue b. Cost of goods sold c. Gross margin b. Cost of goods sold. Accounts We need to use a formula to determine cost of goods sold. First complete the section up to net purchases, and then complete the remainder, as presented. Cost of goods sold: 3,200 Less Inventory, March 31, 2019 ...... S 39,000 Inventory, March 31, 2020 ...... 37,000 Purchases (of inventory) ....... 106,000 Purchase Discounts ........ Purchase Returns............ 15,000 Freight-in 22,000 Sales Revenue 220.000 Sales Discounts 4,600 Sales Returns... 5,600 Nel purchases Less: Print Done Cost of goods sold c. Determine the company's gross margin: The gross margin at March 31, 2020 is Choose from any list or enter any number in the input fields and then continue to the next question ? Charlie Distributors uses the periodic inventory system. Charlie reported these amounts at March 31, 2020: (Click the icon to review the data.) Compute Charlie Distributors': a. Net sales revenue b. Cost of goods sold c. Gross margin i Accounts a. Net sales revenue. Use the format below to calculate net sales revenue. Beginning inventory Cost of goods sold Ending inventory Gross margin Net sales revenue Purchase discounts Purchases Sales discounts Sales returns Sales revenue Inventory, March 31, 2019 ......$ 39,000 Inventory, March 31, 2020 .. 37,000 Purchases (of Inventory) ....... 106,000 Purchase Discounts 3.200 Purchase Returns............. 15,000 Freight-in. 22.000 Sales Revenue 220.000 Sales Discounts 4,600 cost of goods sold. First complete the section up to net purchases, and then complete the remainder, as presented. Sales Retums............... 5,600 Print Done Choose from any list or enter any number in the input fields and then continue to the next