The following information is taken from the accounting records of Madeline Inc. for the year 2016. Missing information has been left blank. Inventory is the only supply that Madeline purchases on credit. Required: Compute the missing amounts. And give the formula

Jan. 1 accounts payable	Jan. 1 inventory	Dec. 31 accounts payable	Dec. 31 inventory	Cash paid to inventory suppliers	Cost of goods sold	Net purchases
	100	62	85	324	365	350