Paul$$s Boutique, sellers of fine clothing in Brooklyn, NYC$,$ was destroyed by a natural gas explosion

a few minutes before midnight on December $31.$ For insurance and tax purposes, the company needs

financial information. However, they only have a few pieces of information which were salvaged from the

fire:

Cost of Goods Available for Sale $$92,500$

Days to Sell $18\mathrm{.}25$ days

Gross Profit Percentage $79\%$

Sales Discounts $$14,000$

Sales Returns & Allowances $$6,750$

Sales Revenue $$448,750$

Selling, General and Administrative Expenses $$259,464$

Based on this information, calculate Purchases, Ending Inventory, and Income from Operations to assist

with filing the insurance claim and the tax return.

Submit your assignment no later than Tuesday, April $16,2024$ at $11$:$59$ PM via the link in OAKS. On a

separate sheet, show your work, which must be submitted along with this sheet.

No points will be awarded if the answers are reported below, work is not shown on a separate sheet, is

illegible, or your answers are not clearly marked.