For each of the following cases determine the ending balance in the inventory account. (Hint: First, determine the total cost of inventory available for sale. Next, subtract the cost of the inventory sold to arrive at the ending balance.) Requirements: a. June's Craft Shop had a beginning balance in its inventory account of $50,500. During the accounting period, June's purchased $105,500 of inventory, returned $4,200 of inventory, and obtained $1,000 of purchases discounts. June's incurred $2,400 of transportation-in cost and $1,030 of transportation-out cost. Salaries of sales personnel amounted to $42,500. Administrative expenses amounted to $47,100. Cost of goods sold amounted to $106,000. b. Kip's Sports Shop had a beginning balance in its inventory account of $15,600. During the accounting period, Kip's purchased $45,300 of inventory, obtained $2,660 of purchases allowances, and received $600 of purchases discounts. Sales discounts amounted to $970. Ken's incurred $1,400 of transportation-in cost and $500 of transportation-out cost. Selling and administrative cost amounted to $15,600. Cost of goods sold amounted to $39,800