Problem 6.8A (Algo) A Comprehensive Problem (LO6-1, LO6-2, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, LO6-8) CPI sells computer peripherals. At December 31, year 1, CPIs inventory amounted to $650,000. During the first week in January, year 2, the company made only one purchase and one sale. These transactions were as follows. Jan. 2 Purchased 20 modems and 80 printers from Sharp. The total cost of these machines was $40,000, terms 3/10, n/60. Jan. 6 Sold 30 different types of