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Saved Help Save & Exit 3: For the current fiscal year, Purchases were $166,000, Purchase Returns and Allowances were $3,000 and Freight In was $12,000 If the beginning merchandise inventory was $110,000 and the ending merchandise inventory was $75,000, the Cost of Goods Sold is: 1.2 points Multiple Choice Skipped $116.000 eBook References $216,000 $210,000 3 Multiple Choice $116,000 1.2 points Skipped $216.000 eBook References $210,000 $186,000 Mc The beginning capital balance shown on a statement of owner's equity is $290,000. Net income for the period is $69,000. The owner withdrew $34,500 cash from the business and made no additional investments during the period. The owners capital balance at the end of the period is 1.2 points Multiple Choice Skipped 359,000 eBook References $290,000 $393,500, ply. Exercise 6 Saved A. 4 Multiple Choice $359,000 1.2 points Skipped $290,000. eBook References $393,500 $324,500 The beginning capital balance shown on a statement of owner's equity is $78 000. Net income for the period is S28,000. The owner withdrew $36,000 cash from the business and made no additional investments during the period.The owner's capital balance at the end of the period is 5 Multiple Choice ints Skipped $70,000 eBook $142,000 $106,000