Blossom Stores uses a periodic inventory system and reports the following information for 2024: Beginning inventory $40,000 Net sales $525,000 Ending inventory 65,000 Purchase discounts 6,000 Freight in 12,000 Purchase returns and allowances 9,000 Delivery expense 10,000 Purchases 330,000 Prepare the cost of goods sold section of the multiple-step income statement for Blossom Stores. $ BLOSSOM STORES Income Statement $ Blossom Stores uses a periodic inventory system and reports the following information for 2024: Beginning inventory $40,000 Net sales $525,000 Ending inventory Freight in 65,000 Purchase discounts 6,000 12,000 Purchase returns and allowances 9,000 Delivery expense 10,000 Purchases 330,000 Prepare the cost of goods sold section of the multiple-step income statement for Blossom Stores. BLOSSOM STORES Income Statement $ $ $