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Cranbrook Used Books experienced the following events during the current year: a. Incurred $12,000...

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Accounting

Cranbrook Used Books experienced the following events during the current year:
a. Incurred $12,000 in selling costs.
b. Took an inventory at year-end and learned that goods costing $105,000 were on hand. This compared with a beginning inventory of $77,000 on January 1.
c. Purchased $164,000 of merchandise.
d. Incurred $56,000 of administrative costs.
e. Determined that sales revenue during the year was $187,000.
f. Paid $4,500 for transportation-in costs.
g. Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash.
Required:
Give the amounts for the following items in the Merchandise Inventory account:
\table[[,Amount],[a. Ending balance (EB),],[b. Transfers-in (TI),],[c. Beginning balance (BB),],[d. Transfers-out (TO),]]
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