Bassing Corp. uses a periodic inventory system and reports the following information: sales $750,000; sales returns and allowances $75,000; sales discounts $25,000; purchases $425,000; purchase returns and allowances $11,000; purchase discounts $9,000; freight in $10,000; freight out $18,000; beginning inventory $60,000; and ending inventory $100,000. Assuming Bassing uses a multiple-step income statement, calculate

(a) Net sales,

(b) Net purchases,

(c) Cost of goods purchased,

(d) Cost of goods sold, and

(e) Gross profit.