The following items appeared on the income statement of a merchandising concern: Transportation-In $ 3,000 Merchandise Inventory, December 31, 2001 35,000 Purchases 280,000 Net Sales 300,000 Cost of goods available for sale 282,000 Sales discounts 2,000 Sales returns and allowances 18,000 Net purchases 257,000 Purchases returns and allowances 20,000 Calculate the following items (show all work): a. Sales $_________ b. Merchandise inventory, January 1, 2001 $_________ c. Purchases discounts $_________ d. Cost of Goods Sold $_________ e. Gross profit on Sales $_________