Given the following information calculate: B. gross cost of merch sold: Value \begin{tabular}{|c|c|c|} \hline & Cost & Retail \\ \hline opening inventory & $38,400.00 & $80,000.00 \\ \hline gross purchases & $31,200,00 & $65,000,00 \\ \hline returns to vendors & $5,760.00 & $12,000.00 \\ \hline \multicolumn{3}{|l|}{ net purchases } \\ \hline net transfers in & $14,400.00 & $30,000.00 \\ \hline freight & $2,000.00 & \\ \hline \multicolumn{3}{|l|}{ total merch handled } \\ \hline net sales & & $75,000.00 \\ \hline net markdowns & & $12,000.00 \\ \hline employee discounts & & $0.00 \\ \hline \multicolumn{3}{|l|}{ total retail deductions } \\ \hline \multicolumn{3}{|l|}{ clsoing book inventory } \\ \hline closing physical inventory & & $73,000.00 \\ \hline \multicolumn{3}{|l|}{ inventory shortage } \\ \hline gross cost of merch sold & & \\ \hline \end{tabular}