Use the following to answer the questions Net Sales $775,000 Gross profit $330,000 Beginning inventory $32,000 Purchases $430,000 $195,000 Operating expense 19% Average tax rate [Choose) Cost of goods sold: Average tax rate 19% Cost of goods sold: [Choose) Ending inventory: [Choose) Operating income: $135,000 Income tax expense: [Choose] Gross profit ratio: [Choose)