Northwest fur co. started the year with $97,000 of merchandise inventory on hand. during the year, $445,000 in merchandise was purchased on account with credit terms of 1/15, n/45. all discounts were taken. northwest paid freight-in charges of $7,000. merchandise with an invoice amount of $4,600 was returned for credit. cost of goods sold for the year was $378,000. what is ending inventory? $166,400.$161,996.$159,991.$67,000.

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066