Cranbrook Used Books experienced the following events during the current year: a. Incurred $12,000 in selling costs. b. Took an inventory at year-end and learned that goods costing $120,000 were on hand. This compared with a beginning inventory of $78,500 on January 1. c. Purchased $176,000 of merchandise. d. Incurred $56,000 of administrative costs. e. Determined that sales revenue during the year was $187,000. f. Paid $4,500 for transportation-in costs. g. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash. Required: Give the amounts for the following items in the Merchandise Inventory account a. Ending balance (EB) b. Transfers-in (TI) c. Beginning balance (BB) d. Transfers-out (TO) Amount