Use the following information to answer the question(s) below CREDIT 300,000 DEBIT Account Name Sales Sales Renirns and Allowances Purchases Purchases Returns and Allowances Freight In Selling Expenses General and Administrative Expenses 10,000 68,000 8,000 12,000 30,000 110,000 g merchandise inventory was S22,000 and ending In addition, inventory was $14,000 36. Net sales for the period were a. $300,000. b. $310,000. c. $294,000. d. $290,000. 37. Net cost of purchases for the period were