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The following information has been taken from ABC Company for the year 2019: Sales revenues...

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The following information has been taken from ABC Company for the year 2019: Sales revenues 90,000 - Opening inventory of finished goods 45,000 - Closing inventory of finished goods 30,000 - Purchases 150,000 - Trade discount received 7,500 - Trade discount allowed 3,000- Purchases returns 3,000 - Sales returns 3,500. Cost of goods sold for the year ended December 31, 2019, is: $250,500 $96,000 $139,500 $154,500

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