QUESTION 5 Bellarus Inc. is a new business. During its first year of business, Bellarus purchased 10,000 widgets from a supplier for $3 cach. Bellarus paid $2,000 in shipping charges to have the widgets shipped to Bellarus. Bellarus sold all of the widgets in Year 1 for $5 cach. Bellarus paid $3,000 to have the widgets shipped to the customers. Bellarus will report cost of goods sold equal to: A-30000 B. 35000 C.51000 D. 50000 E 32000 QUESTION 6 Bellarus Inc. is a new business. During its first year of business, Bellarus purchased 10,000 widgets from a supplier for $3 cach. Bellarus paid $2,000 in shipping charges to have the widgets shipped to Bellarus. Bellarus sold all of the widgets in Year 1 for $5 cach. Bellarus paid $3,000 to have the widgets shipped to the customers. The corporation issued 1,000 shares of common stock to the shareholders on January 1. Year 1. No additional shares of stock were issued. Bellarus will report earnings per share (EPS) of: (Hint, you will use the COGS you just calculated as one of the numbers needed to determine the Net Income.) A 18.00 B.50.00 C. 15.00 D. 5.00 E. 47.00