Garcia Company had the following account balances at the end of the year: OBeginning Inventory $ 38,200 O Purchases Returns and Allowances $ 4200 O Ending Inventory 41,300 O Purchases 82200 O Freight-In 3,900 O Sales Discounts 5800 General and Administrative Expenses 15,600 O Sales Returns and Allowances 5200 O Interest Revenue 1,920 O Sales 188100 O Interest Expense 1,640 O Selling Expenses 20400 O Purchase Discounts 4,300 Required: Compute the following: 1. Cost of goods purchased 2. Net income, given that income from operations is $66,600. Cost of Goods Purchased: Net Income: $ 0