Ending inventory = beginning + purchases - purchase returns - cogs 30,000=x+180,0005,000210,00030,000=x35,00065,000=x The correct answer is: $65,000 Changes in account balances of Gross Flowers during 2012 were as follows: Assuming there were no charges to retained eamings other than dividends of $20,000, the net income (loss) for 2012 was Select one: a. $(20,000) b. $20,000 c. $(40,000) d. $60,000 e. $40,000