Problem 5-8A Zhou Inc. operates a retail operation that purchases and sells mobiles, among other outdoor products. The company purchases in separate accounts. You are provided with the following erkicted information for the fiscal years 2015 through 2016. indusive. Calculate the missing amounts. 01 $96,590 s Cost of goods sold (b) 3,510 $13,000 $14,700 Additional Information Purchases of inventory on account S24,050 Cash payments to suppliers periodic inventory system. The Accounts Payable account is used for recording inventory purchases only; al other current liabilities