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Utley Co$.$ prepares monthly income statements. Inventory is counted only at year end; thus, month$-$end inventories must be estimated. All sales are made on account. The rate of mark$-$up on cost is $20\%.$ The following information relates to the month of May.

Accounts receivable, May $1$

$$21,000$

Accounts receivable, May $31$

$27,000$

Collections of accounts during May

$90,000$

Inventory, May $1$

$45,000$

Purchases during May

$58,000$

Answer the following Questions $[$DO NOt use commas $()$ or dollar signs $($$$)$ when entering a number.

FOr example, if you want to enter $$1,000$ simply write $1000].$

Sales revenue for the month of May $=$$

Cost of goods sold for the month of May $=$ :

The gross profit for the month of May $=$

The cost of goods available for sale for the month of May $=$$

The ending inventory to be reported on the balance sheet at the end of May$=$$