Assume that Sajak Company uses a periodic inventory system and has these account balances: Purchases $620,000; Purchase Returns and Allowances $25,600; Purchases Discounts $11,900; and Freight-In $18,800; beginning inventory of $49,000; ending inventory of $59,000, and net sales of $740,000. Determine the amounts to be reported for (A) cost of goods sold and (B) gross profit. Edit View Insert Format Tools Table. 12pt ParagraphBIU A2 | 1 P O words