Accounting

Assume that Crane Company uses a periodic inventory system and has these account balances: Purchases $630,000; Purchase Returns and Allowances $24,600; Purchases Discounts $11,300; and Freight-In $19,700; beginning inventory of $47,300; ending inventory of $57,200, and net sales of $730,000. Determine the amounts to be reported for (A) cost of goods sold and (B) gross profit