5. Determine the missing amounts assuming that this company uses the periodic inventory system. 2016 2015 2014 11,000 13,000 20,00032,000 $290,000S $410,000 Sales Sales returns & allowances 2 347,000 Net sales Beginning inventory 260, 000 298,000 5,0008,000 10,000 Purchases Purchase returns & allowances5 9,000 8,000 Freight-in Cost of goods sold Gross profit 293, 000 233,00097,000 46,000 91, 000 6. International Paper adopted the dollar-value LIFO method on January 1, 2015. It's inventory on January 1, 2015 was $160,000. On December 31, 2015, the inventory at prices existing on that date amounted to $140,000. The price level at January 1, 2015 was 100 and the price level at December 31, 2015 was 112 Required. Compute the amount of the inventory at December 31, 2015, under the dollar-value LIFO method