QUESTION 5: 12 POINTS - INVENTORY RELATIONSHIPS & CALCS Below is information related to various accounts for a Merchandising Company. Use the information provided to answer 4 inventory related questions. Be sure to LABEL and show your work! Don't just write numbers down and expect me to follow what you are computing, HINT!! - you may not need everything listed. Note this is not a trial balance, just a listing of information for you to use to answer the questions. ho $8,000 Beginning Inventory Ending Inventory Liabilities $11,000 $30,000 Operating $15,000 expenses Purchase discounts $1,500 Purchase $2,000 Purchase $2,000 Freight Purchases $35,000 Sales $50,000 Sales Discounts $1,000 Sales Returns $2,500 Supplies $2,000 Unearned $6,000 Revenue Revenue A) Calculate NET PURCHASES B) Calculate GOODS AVAILABLE FOR SALE C) Calculate COST OF GOODS SOLD D) Calculate NET SALES