Askew Company uses a periodic inventory system. The June 30, 2018, year-end trial balance for the company contained the following information Debit Credit Account Merchandise invenLory, 7/1/17 32,900 Sales Sales returns Purchases Purchase discounts Purchase rcturns Freight-in 389,000 12,900 249,000 6, 900 10, 900 18, 800 In addition, you determine that the June 30, 2018, inventory balance is $40,900 Required: 1. Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2018 2. Prepare the year-end adjusting entry to record cost of goods sold Complete this question by entering your answers in the tabs below Required1Required 2 Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2018 Cost of goods sold Required 1 Required 2>