Current Attempt in Progress The trial balance of Pharoah Company at the end of its fiscal year. August 31, 2020, includes these accounts: Inventory $19.000: Purchases $155.500 Sales Revenue $192,500; Freight-In $4,350; Sales Returns and Allowances $3,650: Freight-Out $1.200, and Purchase Returns and Allowances $2.100. The ending inventory is $24,000. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). Pharoah Company Income Statement-cost of goods sold section (periodic system) For the Year Ended August 31, 2020 e Textbook and Media