Following is a random list of accounts and their December 31, 2019 balances for Jacob Company. Jacob Company uses a periodic inventory system and all account balances are normal. Purchases 330,000 Sales Revenue 470,000 Interest Revenue 23,000 Salary expense 45,000 Freight in 17,000 Purchase Discount 31,000 Sales Returns and allowances 40,000 Interest expense 18,000 Delivery expense 24,000 Sales Discount 27,000 Insurance expense 16,000 Purchase returns and allowances 49,000 A. Jacob, Capital 35,000 Utilities expense 14,000 Amortization expense-equipment 10,000 A. Jacob, Withdrawals 18,000 The beginning and ending amounts for inventory are $49,000 and $65,000 respectively. Calculate the following for Jacob Company showing the procedure/computation on how you arrived at the answer: a. Net sales revenue b. Net cost of purchases c. Cost of goods sold d. Gross Profit e. Net income