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

Company 1 Company 2 Year 1 Year 2 Year 1 Year 2 Beginning inventory $200 $ $1,070 $ Purchases 1,530 50 110 8,680 420 110 Purchase returns and allowances Purchase discounts 200 50 140 Net purchases 1,810 7,650 Freight in 510 Cost of goods purchased 8,220 Cost of goods available for sale 2,480 Ending inventory 310 1,350 1,560 Cost of goods sold 1,550