Windsor, Inc. operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2020 through 2023, inclusive. 2020 2021 2022 2023 Income Statement Data Sales revenue Cost of goods sold $91,000 $ (e) (a) 24,000 Gross profit 64,610 51,000 Operating expenses 60,060 (f) Net income 3) $3,000 $ Balance Sheet Data Inventory $12.400 $ (c) $13,800 $ 5,500 6,200 4,300 Accounts payable Additional Information Purchases of inventory on account Cash payments to suppliers 24,390 (8) $: (d) (h)