Slink Electric uses the periodic inventory system. Sink reported the following selected amounts at May 31, 2024: (Click on the loon to review the data.) Compute the following for Slink: & Cost of goods sold b. Gross proft. Compite the cost of goods sold. Cont of Goods Sold Los Plus Cost of Goods Sold Determine the company's grous profit. The gross profit for the year ended May 31, 2024 is Data Table $ 5,500 Merchandise Inventory, June 1, 2023 Merchandise Inventory, May 31, 2024 Purchases Purchase Discounts Purchase Retums and Allowances $ 15,000 26,500 84,000 4,000 10,000 Freight In Net Sales Revenue Common Stock 165,000 20,000 18,000 Retained Eamings Done tinue to the next question MacBook Air