The following data are available for Hani Company for the 2010: year unt Na SR Account Name SR Beginning inventory 51,000 Purchases returns and allowances 4,000 Ending inventory 50,000 Purchases discounts taken 500 Purchases 102,000 Transportation-in 5,000 Required: Prepare a table that calculates the cost of goods sold for the year. ani Company Income Statement For the period ended December 30, 2010 Cost of Goods Sold (COGS) Net Purchases Add: Expenses on Purchases: - Cost of Purchases Cost of Goods available for sale Cost of Goods Sold