Sales revenue $700,000 Interest revenue 22.000 Freight in 52,000 Beginning inventory 87,000 Purchase discounts 29,000 Sales returns and allowances 43,000 Operating expenses 87.000 Interest expense 10,000 Ending inventory 91.000 Purchases 515,000 Sales discounts 45.000 Norwood, Withdrawals 81,000 Purchase returns and allowances 49.000 a. Calculate net purchases for Norwood Merchandising - do not include freight in