Askew Company uses a periodic inventory system. The June 30, 2016, year-end trial balance for the company contained the following information: Account Debit Credit Merchandise inventory, 7/1/15 33,100 Sales 391,000 Sales returns 13,100 Purchases 251,000 Purchase discounts 7,100 Purchase returns 11,100 Freight-in 19,200 In addition, you determine that the June 30, 2016, inventory balance is $41,100. Required: 1. Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2016. WHAT IS THE COST OF GOODS SOLD? ALSO NEED JOURNAL ENTRY-RECORD THE YEAR END ADJUSTING ENTRY OF COST OF GOODS SOLD??