Question Three: Answer the following questions: The following information were extracted from the books of Al-Fanar Company on December 31, 2020. Required: Calculate the following accounts using the below table. (Show calculation)

1. Net Sales =

(5 Points)

35

2. Net Purchases =

(5 Points)

36

3. Cost of Purchase =

(5 Points)

37

4. Gross Profit =

(5 Points)

38

5. Total Expenses =

(5 Points)

Next

Question Three: Answer the following questions: The following information were extracted from the books of Al-Fanar Company on December 31, 2020. Required: Calculate the following accounts using the below table. (Show calculation) 1. Net Sales = * (5 Points) BD Account Title 10,000 25,000 74,000 Sales Purchase Discount Electricity expense BD 145,000 10,000 9,000 Account Title Repair Expense Sales returns Cost of goods available for sales Purchases Ending Inventory Net Profit Salaries Expense 60,000 40,000 120,400 4,000 Opening Inventory Net Sales Carriage in Cost of Goods Sold 20,000 ??? 3,000 34,000 Enter your answer 35 2. Net Purchases = * (5 Points) Enter your