PROBLEM # 2 30 points Flaherty Company had beginning inventory on May 1 of $14,000. During the month, the company made purchases of $35,000 but returned $3,000 of goods because they were defective. At the end of the month, the inventory of the goods on hand were valued at $11,000. Calculate the cost of goods sold for the month on the attached sheet called "answers and backup". (Calculations either in the spreadsheet cell or on written out to be eligible for credit.)