Quesnono 20 pts INVENTORY RELATIONSHIPS & CALCS Below is information related to various accounts for a Merchandising Company. Use the information provided to answer several inventory related questions. HINTH - you may not need everything listed. Note this is not a trial balance, just a fisting of information for you to use to answer the questions Beginning Inventory $10,000 Ending Inventory $5.000 Liabilities $80,000 Operating expenses $15,000 Purchase returns $1.500 Purchase discounts $500 Purchase Freight $3,000 Purchases $49,000 Sales $94,000 Sales Discounts $2,300 Sales Returns $3,700 Supplies $6,000 Accounts Receivable $20,000 A) Calculate NET PURCHASES $ B) Calculate GOODS AVAILABLE FOR SALE $ C) Calculate COST OF GOODS SOLD $ D) Calculate NET SALES $ E) Calculate NET INCOME $ Be sure to LABEL and show your work! Dan't just write numbers down and expect me to follow what you are computing. Your calculations should be included in your PDF upload