Below are the cost of goods sold sections for the most recent two years for two companies using a periodic inventory system: Fill in the numbered blanks to complete the cost of goods sold sections. Beginning inventory Purchases Purchase Company 1 Company 2 Year 1 Year 2 Year 1 Year 2 $190 1,400 +A $920 $ returns 50 100 200 and allowances Purchase 30 50 160 discounts Net purchases 1,660 6,600 Freight in 150 Cost of goods 7,630 purchased Cost of goods available 2,470 for sale Ending inventory 360 1,310 Beginning inventory Purchases Purchase returns and allowances Year 1 Company 1 $190 1,400 LA Year 2 Year 1 Company 2 $920 $ 50 100 200 Purchase discounts 30 30 Net purchases Freight in 150 Cost of goods purchased Cost of goods available for sale Ending inventory Cost of 1,410 goods sold 50 160 1,660 6,600 2,470 7,630 360 1,310 Year 2 ng bo > es e ces e ts es C In ed y Year 1 Company 1 $190 1,400 50 50 LA $ Year 2 Year 1 Company 2 Year 2 $920 +A $ 8,480 100 200 400 30 30 50 160 150 1,410 old 1,660 6,600 2,470 7,630 90 90 590 360 1,310 1,580