USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS $34-3$

The Hester Corporation, a diversified distribution company, purchases cartons of canned gol LongDistance Company and markets the balls under the Hester brand name. Hester started opera $1,2023.$ In the table below, Quarter $1$ represents the time period from January $1,2023$ to Mar Quarter $2$ represents the time period from April $1,2023$ to June $30,2023.$ Hester began operatio $2023$ with no inventory.

Purchases and sales data for Hester's first two quarters of business are shown below:

$\backslash$table$[[$Quarter $1,,],[$Sales$,$January,$0,000$ cartons at $$8\mathrm{.}00$ per carton$],[$Purchases$,$February,$20,000$ cartons at $$5\mathrm{.}00$