E5-15 The trial balance of G. Durler Company at the end of its fiscal year, August 31, 2012, includes these accounts: Merchandise Inventory $17,200; Purchases $149,000; Sales $190,000; Freight-in $4,000; Sales Returns and Allowances $3,000; Freight-out $1,000; and Purchase Returns and Allowances $2,000. The ending merchandise inventory is $25,000. Instructions Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). Inventory, September 1, 2011 $ $ Less: Net purchases Add: Inventory, August 31, 2012 $