b. Enter the formula and calculate the cost of goods sold Cost of Goods Sold - Less Plus Less Cost of Goods Sold $ 4,500 $ 18,000 Freight In 24,500 Sales Revenue 85.000 Sales Discounts 5,500 Sales Returns and Allowances Delta Capital Merchandise Inventory, June 1, 2015 Merchandise Inventory, May 31 2016 Purchases Purchase Discounts Purchase Returns and Allowances 166,000 6,500 18.000 45,000 9 500 Print Done Delta Electric uses the periodic inventory system. Deta raported the following selected amounts at May 31 2016 Click on the icon tu review the data) Compute the following for Delta Net sales revenge Cool of goods C Grosso First compute thene se revenue 1166 DOD 6500 18000 $41500 Sales Discounts Sales Returns and lowances Net Sales Revue D. Enter the formal and calculate the cost of goods sold Cod of Goods Sold