Inventory 1 to 4 Two or more items are omitted in each of the following tabulations of income statement data as shown below: 2016 2017 2018 Sales 350,000.00 420,000.00 625,000.00 Sales Returns 15,000.00 17,750.00 21,250.00 Net Sales 335,000.00 402,250.00 603,750.00 Beginning Inventory 50,000.00 45,000.00 ? Ending Inventory ? ? ? Purchases ? 300,000.00 350,000.00 Purchase Returns & Allow. 7,500.00 9,000.00 12,000.00 Freight-In 10,000.00 15,000.00 9,000.00 Cost of Goods Sold 217,500.00 ? 362,750.00 Gross Profit on Sales 117,500.00 91,000.00 241,000.00