Question 9 The statement of eamings of Spazman Corporation includes the items listed below: Net sales $725,000 Gross profit 310,000 Beginning inventory 105,000 Purchase discounts 12,000 Purchase retums and allowances 8,000 10,000 Freight in 285,000 Operating expenses 490,000 Purchases Required: Use the appropriate items listed above asa basis for determining (a) Cost of goods sold. Cost of goods available for sale Ending inventory