Make assumptions about amounts for beginning inventory, net purchases, and ending inventory. Then use the pick lists (accessed by clicking in the boxed areas within the Calculation of Cost of Goods Sold section) to select the correct amounts for goods available for sale and cost of goods sold. Correct selections turn applicable boxes green. - Beginning inventory: $10,000 - Purchase for the year: $113,000 - Freight-in for the shipping under F.O.B Shipping Point term: $5,000 - Purchase Discount for the year: $12,000 - Purchase Return for the year: $6,000 - End of the year physical inventory balance: $35,000 Then, answer the following questions: Question 1 What is the Cost of Goods Sold (COGS) for the year? 400007500011000081000 Question 2 What is the Cost of Goods Available for Sale for the year? 104000115000110000105000