counting 311 - Fall 2020 - Section DL1 Online omework: DUE August 29 - Chapter 2 Homework - Part 1 of 2 HW Scor pre: 0 of 36 pts 18 of 22 (19 complete) 2-35 (book/static) Data Table e following data are for Arizona Retail Outlet Stores. The account balances in thousands) are for 2017 Click the loon to view the data) quirements Compute(a) the cost of goods purchased and (b) the cost of goods sold. Prepare the income statement for 2017 $ 55,200 103,500 4,600 Arizona Retail Outlet Stores Schedule of Cost of Goods Purchased For the Year Ended December 31, 2017 in thousands) 9,660 Marketing and advertising costs Merchandise Inventory, January 1, 2017 Shipping of merchandise to customers Depreciation on Store Fixtures Purchases General and administrative costs Merchandise inventory, December 31, 2017 Merchandise freight-in Purchase returns and allowances Purchase discounts Revenues 598,000 73,600 Add Deduct 119,600 23,000 25,300 20,700 736.000 Cost of goods purchased Print Done Choose from any list of enter any number in the input fields and then click Check