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............$2500 Sales..............................................................................$39000 Sales Discount................................................................$6000 Salaries Expense............................................................$6900 Purchases........................................................................$30000 Purchase Returns and Allowances................................$1400 Accounts Payable............................................................$22000 Owner's Capital...............................................................$7200 Freight In..........................................................................$900 Freight Out.....................................................................$700 Instructions: Calculate the following values for Rockford for the year 2020. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1. Net Purchases $ ________

2. Net Sales $ ________

3. Cost of Goods Purchased $ ________

4. Cost of Goods Available for Sale $ ________

5. Cost of Goods Sold $ ________