) Following is a random list of some of the accounts and their December 31, 2023, balances for Milita Merchandising. Milita Merchandising 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 discounts 31,000

Sales returns and allowances 40,000

Interest expense 18,000

Delivery expense 24,000

Sales discounts 27,000

Insurance expense 16,000

Purchase returns and allowances 49,000

R. Milita, Capital 35,000

Utilities expense 14,000

Amortization expense-equipment 10,000

R. Milita, Withdrawals 18,000

The beginning and ending amounts for inventory are $58,000 and $65,000, respectively.

Calculate the following for Milita Merchandising:

Net sales revenue $________

Net purchases $________

Cost of goods available for sale $________

Cost of goods sold $________

Gross margin $________

Operating income $________

Net income