Do not use dollar signs in your answers. It your answer is a negative number, put a minus sign in front. Use the following transactions to determine cost of goods sold (Beginning balance inventory = 8,000). a. Your Company purchased $45,000 of inventory on account, terms 3/10,n/30. b. Your Company purchased under FOB destination. Shipping cost were $500 and paid in cash. c. Your Company returned $5,000 of the inventory purchase to the supplier. d. Your Company paid the amount owed to the vender on day 5. e. Your company sold one half of its inventory for $65,000 on account, terms 2/10,n/30. Question 11 Do not use dollar signs in your answers. It your answer is a negative number, put a minus sign in front. What is net sales for the period given the four transactions below? 1. Your company sold $45,000 of its inventory for $75,000 on account, terms 2/10,n/30. 2. Your Company sold the inventory under FOB shipping point. Shipping cost $160. 3. Your Customer returned $7,000 of the inventory Your Company sold it for $9,000. 4. Your Company was paid on day 5. Make sure you calculate your discount on the amount actually owed