Flynt Corp. Net Sales Revenue $ 98,000 Cost of Goods Sold: Beginning Merchandise Inventory Purchases and Freight In 52,000 Cost of Goods Available for Sale Ending Merchandise Inventory (2,100) 59,000 Cost of Goods Sold Gross Profit 39,000 Selling and Administrative Expenses $ 15,000 Operating Income Data Table Flynt Corp. $ 98,000 Jones, Inc. $ (d) Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory (a) 32,000 (e) 52,000 Purchases and Freight In Cost of Goods Available for Sale (b) (2,100) 93,000 (2,100) Ending Merchandise Inventory Cost of Goods Sold Gross Profit Selling and Administrative Expenses 59,000 39,000 111,000 (c) 15,000 84,000 $ (9) $ Operating Income