Multiple Choice Question 179 At the beginning of the year, Sarasota had an inventory of $295000. During the year, the company purchased goods costing $1250000. If Sarasota reported ending inventory of $450000 and sales of $1840000, their cost of goods sold and gross profit rate would be O $800000 and 59.51% $1040000 and 40%. O $1095000 and 40.49%. O $1095000 and 60%. Click if you would like to Show Work for this question: Open Show Work