Assume that wanhor Company uses a periodic inventory system and has these account balances: Purchases $610,000, Purchase Returns and Allowances $25.800: Purchases Discounts 510.200, and Freight in $19.900, beginning inventory of $47,400, ending inventory of 564000, and net sales of $730.000 Determine the amounts to be reported for cost of goods sold and gross pront Cost of goods sold $ Gross profit $