Assume that Ivanhoe Company uses a periodic irventory system and has these account balances: Purchases $430,200;;urchase Returns and Allowances $12,800; Purchase Discounts $6,100; and Freight-in $17,600. Ivanhoe Company has beginning irventory of $58,000, ending inventory of $87,100, and net sales of $645,300. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold Grossprofit