Given: Gross sales, $50,000; sales returns and allowances, $6,000; beginning inventory, $4,000; net purchases, $8,000; ending inventory, $2,000; operating expenses, $4, 500. Calculate (A) net sales, (B) cost of merchandise (goods sold), (C) gross profit from sales, and (D) net income. Complete this partial comparative balance sheet by filling in total current assets and the percent column; assume no plant and equipment (round to nearest hundredth percent)