The income statement of Leang's Luggage includes the items listed below: Net sales $875,000 Gross profit Beginning inventory Purchase discounts 305,000 75,000 12,000 8,000 Purchase returns and allowances 10,000 Freight-in Operating expenses 320,000 Purchases 560,000 N Instructions Use the appropriate items listed above as a basis for determining: (a) Cost of goods sold. (b) Cost of goods available for sale. (c) Ending inventory 1 A B EE % 5