Handwrite then upload (a tablet and stylus to handwrite is allowed) your answers to the following Chapters 13, 14 and 15 Assignment: 1. For the fiscal year net sales were $425,000 and net purchases were $275,000. Merchandise inventory at the beginning of the year was $45,000 and at the end of the year it was $40,000. Determine the following amounts: 1. Goods available for sale 2. Cost of goods sold 3. Gross profit 4. Merchandise inventory listed on the balance sheet as of the end of the year. 2. Journalize the adjustments for Merchandise Inventory using the periodic inventory system. Merchandise inventory, January 1 $333,000 Merchandise inventory, December 31 351,000 3. Journalize the adjustment for Unearned Revenue earned this month, $1,237