31. The following information was drawn from the accounts of Forward Corporation which uses the periodic inventory system. Prepare a Schedule of Cost of Goods Sold and a multi-step Income Statement on the forms provided for the current year. Advertising Expense Beginning Inventory Ending Inventory Purchases Purchase Returns & Allowances Salaries Expense Sales Revenue Sales Returns & Allowances Transportation In Transportation Out $200 50 60 590 75 365 2,900 310 35 25 1 MET Forward Corporation Schedule of Cost of Goods Sold Forward Corporation Income Statement LG