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6. Company Sharon Itd. Was established on January 1, 2018. The company chose to manage its inventory using the periodic method. The following information was taken from the company income statement for 2018 (in USD) (assume there are no other amounts related to the income statement for 2018): Revenues ??? Financial expenses 20,000 Net income 300,000 Purchases, net ??? Beginning inventory ??? Sales and marketing expenses 80,000 Tax expenses 30,000 General and administration Payroll expenses 50,000 Ending inventory ??? Ending inventory cost as of December 31, 2018 is $240,000, but after some checks done by the company, was turned out that the market value of the ending inventory as of December 31, 2018 is $200,000. Net income for the 2018 year is 25% of revenues. What is the amount of purchases, net booked in 2018? a. $960,000 b. $920,000 C. $1,000,000 d. $480,000 e. $720,000