Current Attempt in Progress

The trial balance of Blue Spruce Corp. at the end of its fiscal year, August $31,2022,$ includes these accounts: Beginning Inventory

$$24,440$; Purchases $$185,770$; Sales Revenue $$208,500$; Freight$-$In $$8,310$; Sales Returns and Allowances $$5,400$; Freight$-$Out

$$3,490$; and Purchase Returns and Allowances $$5,070.$ The ending inwentory is $$24,300.$

Prepare a cost of goods sold section $($periadic system$)$ for the year ending August $31,2022$

Blue Spruce Corp.

Income Statement