Cost Retail Inventory, 12/31/20 $252,200 $383,000 Purchases 816,436 1,461,200 Purchase returns 59,000 80,300 Purchase discounts 18,300 Gross sales revenue - 1,406,400 Sales returns - 98,700 Markups 121,100 Markup cancellations - 39,400 Markdowns - 44,700 Markdown cancellations I 20,300 Freight-in 42,200 Employee discounts granted 8,100 Loss from breakage (normal) - 4,600