The following transactions occured during 2014 for State Technology in which sa perpetuntory system (3) February 1 Stake Technology Inc. sold merchandise that cost 5.360 10 ABC Inc. for 54,200 under credit form of 2/10, IVO, FOB shipping point (b) February 1: Stake Technology Inc purchased merchandise on credit from Benson Inc., em 60 58.900 FOB shipping point (c) February 2 Paid $300 for freight charges for the February purchase of merchandise (a) February 3: Stake Technology in merchandise that co 54320 was sold to Velorinc. for $5.400 under criterms of 2/15/30, FOB shipping point (6) February 4 Stake Technology in purchased merchandise from Segura Corporation for $6,500 under credit Beems of 0. FOB destination i) February 5: Velor in requested a price reduction on the February 3 sale because the merchandise did not meet specifications sont Velor in a commands for $400 sive {a) February 7 Sake Technology Inc.'s merchandise was sold to Dylex Corporation for $1.200 cash The merchandise cost $5.760 February 7 Alter negotiations with Benson Inc. concoming problem with the merchandise purchased on February 1, recived a credit memorandum og production of $500 February 11 Received ABC Inc.'s payment of the amount due from the February 1 sale d) March Received Velor Inc.'s payment of the amount due from the February 3 sale Aprili 2: Paid Benson in the amount due from the February 1 purchase 0) April Paid the amount due to Segura Corporation for the February 4 purchase a) Calculate the hot sales for State Technology Inc. during 2014 Neties b) Calculate the cost of goods sold for State Technology Inc. during 2014 Cost of Goods Sold