Determine Sales revenue for Our Company with the follow Cost of Goods 5640.000 Operating Expenses Sales Discounts 15.000 Sales Returns and Arowances Net Income 255 000 A) $1.192.500 B) $1.222.500 C) $1.417,500 D) $1,387,500 7. Savannah Company purchases $120,000 of inventory during the period and sells $36,000 of for $60,000. Beginning of the period inventory was $6,000 What is the company's inventory balance to be reported on its balance sheet at year end? A) $36,000 B) $ 4,000 C) $90,000 D) $ 6,000 8. On August 1, Camire Brothers bought goods with a list price of $9,600, terms 2/10, 1/30. The firm records purchases at invoice price, using the periodic inventory system. On August 5, Camire Brothers returned goods with a list price of $1,200 for credit. If Camire Brothers paid the supplier the amount due on August 9, the appropriate entry would be: 9,600 192 9,408 A) Accounts Payable Purchases Discounts Cash 8,232 8,232 8,400 168 8,232 B) Accounts Payable Cash C) Accounts Payable Purchases Discounts Cash D) Accounts Payable 8,400 8,400 Cash