[The following information applies to the questions displayed below.] Lewis Incorporated and Clark Enterprises report the following amounts for the year. Inventory (beginning) Inventory (ending) Purchases Purchase returns Lewis $ 31,000 25,000 371,600 22,000 Clark $ 57,000 67,000 194,800 67,000 Required: 1. Calculate cost of goods sold for each company. Answer is not complete. Lewis Beginning inventory Add: Purchases Less: Purchase returns $ 31,000 371,600 22,000 Clark $ 57,000 194,800 67,000 Cost of goods available for sale 380 600 25,000 $ 355,600 184,800 67,000 $ 117,800 Cost of goods sold