Font Paragraph Styles Dictate Sensitivity Editor Short Problem - Part C (15 Points) 1. On January 1, 2021, Amazon purchased 2,000 Nike sneakers by $120 each on account. By December 15, 2021, Amazon sold 1,800 sneakers by $115 cach by cash. Their operating expenses were $40,000. First, record the purchase of inventory on account Date Transaction Account Debit Credit Second, record the sales revenue and cash Date Transaction Account Debit Credit I Third, record the cost of goods sold and the change in inventory Date Transaction Account Debit Credit Calculate gross profit (loss) Gross profit- Calculate net income (loss) Net Income (Loss) 14 549 words CLX Focus lili