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The following are selected data for the Young Company: Administrative expenses $ 920 Beginning inventory 1,140 Net sales 10,050 Net income 3,130 Ending inventory 1,180

The following are selected data for the Young Company: Administrative expenses $ 920 Beginning inventory 1,140 Net sales 10,050 Net income 3,130 Ending inventory 1,180 Sales returns 1,180 Total operating expenses 1,380 Purchases 5,600 Required Compute the following: a. Sales $fill in the blank 1 b. Purchase returns $fill in the blank 2 c. Selling expenses $fill in the blank 3 d. Cost of goods sold $fill in the blank 4

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