Current Attempt in Progress The adjusted trial balance of A. Ivanhoe Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $19.500; Purchases $151,500; Sales Revenue $195,500; Freight-In $4,700; Sales Returns and Allowances $3,050; Freight-Out $1,550; and Purchase Returns and Allowances $2,300. The ending inventory is $24,500. Prepare a cost of goods sold section on the income statement for the year ended August 31, 2022 (periodic inventory system)