Data table Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased 2025 2024 2023 $212,000 $ 161,000 $ 170,000 $ 22,000 $ 28,000 41,000 131,000 100,000 86,000 Cost of Goods Available for Sale 153,000 128,000 127,000 Less: Ending Merchandise Inventory 34,000 22,000 28,000 119,000 106,000 99,000 Cost of Goods Sold Gross Profit 93,000 55,000 71,000 63,000 28,000 39,000 Operating Expenses 30,000 $ 27,000 32,000 Net Income EX Cance