Exercise 6-20 The motory of Novak Corp. was destroyed by fire on March 1. From an examination of the counting records, the foowing data for the first 2 months we obtained Sales Revenue 554500, Sales Returns and Allowances $1,100. Purchases $15.500 Freight is 51,300, and Purchase Returns and Allowance Determine the merchandiselost by assuming 1.800 your answer is no