E5-8 Presented below is information related to Garland Co. for the illUlllllUl Jailudly 2015. 12,000 Insurance expense Ending inventory per 20,000 21,600 Rent expense perpetual records 55,000 Salaries and wages expense Ending inventory actually 10,000 on hand 21,000 Sales discounts 218,000 Sales returns and allowances Cost of goods sold 13,000 Freight-out 7,000 Sales revenue 380,000