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urgent!!!! Cranbrook Used Books experienced the following events during the current year: b. Took an inventory at year-end and learned that goods costing $140,000 were

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Cranbrook Used Books experienced the following events during the current year: b. Took an inventory at year-end and learned that goods costing $140,000 were on hand. This compared with a beginning inventory of a. Incurred $12,000 in selling costs. $80,500 on January 1. c. Purchased $192,000 of merchandise. d. Incurred $56,000 of administrative costs e. Determined that sales revenue during the year was $187,000. t. Paid $4,500 for transportation-in costs. 9. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash. Required: Give the amounts for the following ltems in the Merchandise Inventory account

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