Year 1 Year 2 Year 3 Year 4 Year 5 Sales P1,000,000 P1,250,000 P1,500,000 P1,300,000 P1,700,000 Purchases 800,000 900,000 1,000,000 800,000 1,200,000 Ending Inventory 400,000 500,000 600,000 700,000 800,000 30. There was no beginning inventory at the start of operations of the business. How much was the gross profit during Year 1? Answer pattern: 1,000,000