The following data were extracted from the accounting records of Rockford Company for the year ended December 31, 2020. Merchandise Inventory, January 1, 2020..................$2500 Merchandise Inventory, December 31, 2020............$2200 Sales..............................................................................$38000 Sales Discount................................................................$8000 Salaries Expense............................................................$6900 Purchases........................................................................$22000 Purchase Returns and Allowances................................$1400 Accounts Payable............................................................$20000 Owner's Capital...............................................................$7500 Freight In..........................................................................$700 Freight Out.....................................................................$700 Instructions: Calculate the following values for Rockford for the year 2020.

1. Net Purchases $ ________

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2. Net Sales $ ________

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3. Cost of Goods Purchased $ ________

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4. Cost of Goods Available for Sale $ ________

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5. Cost of Goods Sold $ ________