McMillan Company uses the periodic inventory system. It has compiled the following information in order to prepare the financial statements at December 31, 2014:

Gross sales during 2014	$2,000,000
Sales returns and allowances during 2014	50,000
Begining inventory, January 1, 2014	100,000
Ending inventory, December 31, 2014	120,000
Purchases during 2014	750,000

Required:

Calculate each of the following:

A. Cost of goods available for sale

B. Cost of goods sold

C. Gross profit