Question #1. 20 marks) This question consists of 2 independent sub-questions. 1. The following information is available for Hazzaa Company for 2018: Cash paid for purchase of merchandise $290,000 Increase in A/P 25,000 Decrease in inventory 10,000 Required: What is CGS for 2018? 2. Cook Companys records indicate the following information: Inventory, January 1, 2019 $ 550,000 Purchases, January 1 through December 31, 2019 2,250,000 Sales, January 1 through December 31, 2019 3,000,000 On December 31, 2019, a physical inventory determined that ending inventory of $600,000 was in the warehouse. Cooks gross profit on sales has remained constant at 30%. Cook suspects some of the inventory may have been taken by some disgruntled employees. Required: At December 31, 2019, what is the estimated cost of missing inventory?