Please complete problem

The following data are for Murray Department Store. The account balances (in thousands) are for 2014. (Click the icon to view the account balances.) Requirements 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2.Prepare the income statement for 2014. Requirement 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. (a) Calculate the cost of goods purchased by completing the schedule. (Leave any unused cells blank.) Murray Department Store Schedule of Cost of Goods Purchased For the Year Ended December 31, 2014 (in thousands) Add Deduct Cost of goods purchased