1. Windsor, Inc.'s accounting records show the following for the year ending on December 31, 2017.

Purchase Discounts$ 12100

Freight-in17100

Purchases706020Beginning Inventory59000Ending Inventory45600

Purchase Returns and Allowances10700

Using the periodic system, the cost of goods purchased is

2. Ayayai's Market used the perpetual method to record the following events involving a recent purchase of inventory:

Received goods for $79000, terms 2/9, n/30.

Returned $1200 of the shipment for credit.

Paid $400 freight on the shipment.

Paid the invoice within the discount period.

As a result of these events, the company's inventory

3.Financial information is presented below:

Operating expenses$ 27000

Sales revenue232000

Cost of goods sold147000

Gross profit would be