The following relate to the income statement of Growth Company for the year ended 2008. What is the beginning inventory? Purchases $ 180,000 Purchase returns 5,000 Purchase returns is inventory the company bought (part of purchases, and then returned to their supplier). Sales 240,000 Cost of goods sold 210,000 Ending inventory 30,000 $6,000 $65,000 $50,000 $75,000