View Polides Current Attempt in Progress On January 1, 2020. Pharoah Company had inventory of $56,000. At December 31, 2020, Pharoah had the following account balances Freight-in Purchases Purchase discounts Purchase returns and allowances Sales revenue Sales discounts Sales returns and allowances $5,000 508.000 7.500 3,550 801,500 5.500 11.700 At December 31, 2020, Pharoah determines that its ending inventory is $66,000. Compute Pharoah's 2020 pross profit Gross profits I eTextbook and Media Compute Pharoah's 2020 operating expenses if net income's $142.000 and there are no nonoperating activities Operating expenses $ eTextbook and Media Store Attempts: 0 of 3 used Submit Ander