Note : Kindly Solve in word Version Format and Show all the Calculations Please

Questions Two (4 Marks) The inventory of Willamette Company was destroyed by fire on April 1. From an examination of the accounting records, the following data for the first three months of the year are obtained: Sales Revenue Sales Returns and Allowances Purchases Freight-In Purchase Returns and Allowances $185,000 5,000 110,000 4,000 3,500 Instructions Show all calculations. Determine the merchandise lost by fire, assuming a beginning inventory of $50,000 and a gross profit rate of 45% on net sales