A Wholesale Company began the year with merchandise inventory of $7.000. During the year, A purchased $91,000 of goods and returned $6,400 due to damage. A also paid freight charges of $1,300 on inventory purchases. At year-end, A's ending merchandise inventory balance stood at $17,000. Assume that A uses the periodic inventory system. Compute A's cost of goods sold for the year. OL ven Beginning Merchandise Inventory dis ret Less lise Sol Plus: har .fgc Less ofc Cost of Goods Sold tof Tee