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For the income statement im not sure how to calculate inventory begining, net purchases, costs of goods purchased, costs of goods available for sale, or

For the income statement im not sure how to calculate inventory begining, net purchases, costs of goods purchased, costs of goods available for sale, or costs of goods sold. can someone help me out image text in transcribed
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Bramble Hardware Store Inc. completed the following merchandising transactions in the month of May 2022. At the beginning of May, Bramble's ledger showed Cash of $8,300 and Common Shares of $8,300. May 1 2 9 10 11 12 15 Purchased merchandise on account from Hilton Wholesale Supply for $8,300, terms 2/10, 1/30. Sold merchandise on account for $4,700, terms n/30. The cost of the merchandise sold was $3,450. Received credit from Hilton Wholesale Supply for merchandise returned $200. Received collections in full from customers billed on May 2. Paid Hilton Wholesale Supply in full, less discount. Purchased supplies for cash $820. Purchased merchandise for cash $2,680. Received $250 refund for return of poor-quality merchandise from supplier on cash purchase. Purchased merchandise from Northern Distributors for $2,600, terms 2/10,n/30. Pald freight on May 17 purchase $250. Sold merchandise for cash $5.000. The cost of the merchandise sold was $3,860. Purchased merchandise from Toolware Inc. for $770, terms 3/10,n/30. Pald Northern Distributors in full, less discount Made refunds to cash customers for returned merchandise $120. The returned merchandise had cost $90. Sold merchandise on account for $1,200, terms n/30. The cost of the merchandise sold was $910. 17 19 24 25 27 29 31 Bramble Hardware uses a periodic inventory system and expects a return rate of 3% on all sales. Cash 5/1 Bal. 8,300 5/10 7938 2 5/9 4700 5/11 820 5/15 250 5/12 2680 5/24 207 Common Shares

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