Assume that Oriole Company uses a periodic inventory system and has these account balances: Purchases $412,000; Purchase Returns and Allowances $12,000; Purchase Discounts $7,700; and Freight-in $16,200. Oriole Company has beginning inventory of $62,300, ending inventory of $92,600, and net sales of $645,900. Determine the amounts to be reported for cost of goods sold and gross profit