Concord Corporation purchased machinery for $1234000 on January 1, 2022. Straight-line depreciation has been recorded based on a $85000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2026 at a gain of $29000. How much cash did Concord receive from the sale of the machinery? $267200. $182200. $228800. $352200. Cullumber Company uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retail) were $327600 (\$498960), purchases during the current year at cost (retail) were $1726200 ( $2772000 ), freight-in totaled $108360, sales during the current year totaled $2520000, net markups were $60480 and net markdowns were $90720. What costs should be excluded from the cost to retail ratio? $108360.$30240.$90720.$60480