Partial information follows about net sales, net purchases, cost of goods sold, gross profit, total expenses, and net income for Slabaugh Company. Compute the missing values.

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NET SALES Sales Sales discounts Sales returns and allowances Net sales NET PURCHASES Purchases Freight-in Purchases discounts Purchases returns and allowances Net purchases $800,000 20,000 ? 735,000 $400,000 20,000 ? 2,500 413,500 COST OF GOODS SOLD Beginning inventory $ 85,400 Ending inventory 74,500