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CASE 6 Two or more items are omitted in each of the following tabulations of income statement data as shown below: 2016 2017 2018 Sales 350,000.00 420,000.00 625,000.00 Sales Returns 15,000.00 17,750.00 21,250.00 Net Sales 335,000.00 402,250.00 603,750.00 Beginning Inventory 50,000.00 45,000.00 ? Ending Inventory . J .V Purchases .J 300,000.00 350,000.00 Purchase Returns & Allow. 7,500.00 9,000.00 12,000.00 Freight-In 10,000.00 15,000.00 9,000.00 Cost of Goods Sold 217,500.00 ? 362,750.00 Gross Profit on Sales 117,500.00 91,000.00 241,000.00 1) What is the amount of beginning inventory in the year 2018? 2) What is the amount of ending inventory in the year 2018? 3) What is the amount of COGS in 2017? 4) How much was the purchases worth in 2016