Question 14 of 36 Fill in the blanks: The accountant was tasked to reconstruct the books of Refresh Co. after a virus attacked their accounting system. The following information were available. HINT:...

Extracted text: Question 14 of 36 Fill in the blanks: The accountant was tasked to reconstruct the books of Refresh Co. after a virus attacked their accounting system. The following information were available. HINT: An increase in the balances represents the ending balance while a decrease represents the beginning balance. Payments made to suppliers P 70,000 Decrease in accounts payable. 8,000 Increase in inventory 16,000 Compute for the: 1). Net purchases 2) Cost of goods sold. <>