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n January 1, 2014, Clover Corporation had inventory of $54,610. At December 31, 2014, Clover had the following account balances. Freight-in $ 4,280 Purchases 502,130

n January 1, 2014, Clover Corporation had inventory of $54,610. At December 31, 2014, Clover had the following account balances.

Freight-in $ 4,280 Purchases 502,130 Purchase discounts 6,960 Purchase returns and allowances 10,500 Sales revenue 803,920 Sales discounts 7,800 Sales returns and allowances 11,720

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