Required information [The following information applies to the questions displayed below.] The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets. Key totals from TSS's most recent and forecasted financial statements are presented in the table below. From the income statement Sales Revenue Cost of Goods Sold Gross Profit Last Year $ 560,000 $ 615,000 346,500 213,500 This Year Next Year $ 770,000 405,250 209,750 556,300 213,700 From the balance sheet Inventories Last Year $ 88,000 This Year $ 101,808 Next Year $ 179,825