The following balances are from the December 31, 2021 unadjusted trial balance of Carlton Company: Inventory (1/1) $64,000 Sales 2,200,000 Sales returns and allowance 150,000 Purchases 1,450,000 Purchase returns and allowances 20,000 Purchase discounts 25,000 Freight-in 40,000 A physical inventory on December 31, found inventory equal to $230,000 on-hand. Carlton uses the periodic inventory method. What is cost of goods sold for 2021

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.