Askew Company uses a periodic inventory system. The June 30, 2018, year-end trial balance for the company contained the following information In addition, you determine that the June 30, 2018, inventory balance is $41, 900. 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. 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.)