Askew Company uses a periodic inventory system. The June 30, 2018, year-end trial balance for the company contained the following Information: Account Debit. Credit Merchandise inventory, 7/1/17 33,800 Sales 398,000 Sales returns 13,800 Purchases 258,000 Purchase discounts 7,800 Purchase returns 11,800 Freight-in 20,600 In addition, you determine that the June 30, 2018, inventory balance is $41,800. 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. Required 1 Required 2 Prepare the year-end adjusting entry to record cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)