Question: Mark reviewed the following expanded income statement to ensure that all accounts were accurate and up to date. Cost of Goods Sold Beginning Inventory $26,700 Add: Purchases $11,000 Less: Purchase Discounts $5,200 Purchase Returns and Allowances $675 Net Purchases $5,125 Freight-in $2,000 Cost of Goods Purchased $7,125 Goods Available for Sale $33,825 Less: Ending Inventory $13,000