Bridgeport Corp. uses a periodic inventory system and reports the following information: sales $1.912,960; purchases $985,600; purchase returns and allowances $14,560; purchase discounts $15,680; freight in $17.920; freight out $41,440; beginning inventory $107,520; and ending inventory $91,840. Assuming Bridgeport uses a multiple-step income statement. Calculate net purchases. Net purchases $ Calculate cost of goods purchased. Cost of goods purchased $ Calculate cost of goods sold. Cost of goods sold $