Following is some selected data of Magenta Company from the April 30, 2022 adjusted trial balance, shown alphabetically. Magenta Company is a merchandising operation that uses a periodic Inventory system. Note: Refer to page 5-34 referencing the Cost of Goods Sold Section of the periodic Income Statement for guidance regarding the format required to answer this question. 840 Accounts Payable Accounts Receivable Bill Magenta, Capital 325 8,600 Interest Revenue 75 Merchandise inventory 6,000 6,100 Operating expenses Purchases 8,200 Purchases discounts 230 Purchases returns & allowances 420 Sales 40,000 5,000 125 Store Equipment Store Supplies Transportation -in Bill Magenta, Withdrawals 900 600 A physical count on April 30, 2022 revealed a merchandise inventory balance of $4,800. Required: Calculate Cost of Goods Sold for Magenta Company for April 2022 (show & label all work)