Assume that Crane Company uses a periodic inventory system and has these account balances: Purchases $406,300, Purchase Returns and Allowances $12,900, Purchase Discounts $7,400, and Freight-In $16,600. Crane Company has beginning inventory of $56,900, ending inventory of $87,100, and net sales of $643,400. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold Gross profit $ eTextbook and Media Assistance Used Attempts: unlimited