Question 7 Not yet answered Points out of 2.00 Flag question If a firm's beginning inventory is $20,000, purchases are $110,000, and the cost of goods sold is $100,000, what is its ending inventory? Select one: a $10,000 O b. $130,000 $30,000 d. $120,000 Question 8 Not yet answered Points out of 2.00 Flag question On which financial statement would you look to find the dollar amount of inventory that a firm has? Select one: a. Income Statement b. Statement of cash flows cStatement of stockholders' equity d. Balance sheet