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please see the attached photo Beginning inventory Cost 537,600 Selling price 770,000 Purchases: Cost 3,032,400 Selling price 4,300,000 Transportation in 70,000 Purchase discount 45,000 Purchase

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Beginning inventory Cost 537,600 Selling price 770,000 Purchases: Cost 3,032,400 Selling price 4,300,000 Transportation in 70,000 Purchase discount 45,000 Purchase return: Cost 25,000 Selling price 40,000 Sales returns and Allowances 80,000 Sales discount 20,000 Markup 100,000 Markdown 350,000 Cancelation of markup 30,000 Cancelation of markdown 10,000 Sales 4,000,000

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