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 Answer $6,000 $65,000 $50,000 $75,000