Net Sales Revenue Corrigan, Inc. White Corp. 101,000 Data table Corrigan, Inc. White Corp. Cost of Goods Sold: Net Sales Revenue $ 101,000 $(0) Beginning Merchandise Inventory $ 28,000 Cost of Goods Sold: Purchases and Freight In 52,000 Beginning Merchandise Inventory (a) 28,000 Cost of Goods Available for Sale 91,000 52,000 (0) Purchases and Freight In Ending Merchandise Inventory (2,000) (2,000) Cost of Goods Available for Cost of Goods Sold 60,000 Sale (0) 91,000 (2.000) (2,000) Gross Profit 41,000 115,000 Ending Merchandise Inventory Selling and Administrative Expenses 30,000 85,000 Cost of Goods Sold 60,000 10 11,000 30,000 Operating Income Gross Profit 41,000 115,000 Selling and Administrative Expenses (c) 85.000 11,000 $(0) Operating Income Print Done