Current Attempt in Progress The income statement of Riverbed Company is shown below. RIVERBED COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,610,000 Cost of goods sold Beginning inventory $1,910,000 Purchases 4,530,000 Goods available for sale 6,440,000 Ending inventory 1,630,000 Cost of goods sold 4,810,000 Gross profit 1,800,000 Operating expenses Selling expenses 450,000 Administrative expenses 680,000 1,130,000 Net income $670,000 Additional information: 1. Accounts receivable decreased $300,000 during the year. 2. Prepaid expenses increased $180,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $280,000 during the year. 4. Accrued expenses payable decreased $110,000 during the year. 5. Administrative expenses include depreciation expense of $70,000.