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6 of 7 < > View Policies -/2.85 Current Attempt in Progress) The trial balance of Mendez Company at the end of its fiscal year,

6 of 7 < > View Policies -/2.85 Current Attempt in Progress) The trial balance of Mendez Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,700; Purchases $154,000: Sales Revenue $190,000; Freight-In $8,000; Sales Returns and Allowances $3,000; Freight-Out $1,000; and Purchase Returns and Allowances $5,000. The ending inventory is $21,000. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022. MENDEZ COMPANY Income Statement For the Year Ended August 31, 2022 Cost of Goods Sold 15170d

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