G Wholesale Company began the year with merchandise inventory of $11,000. During the year, G purchased $100,000 of goods, had purchase discounts of $250, and returned $6,200 due to damage. G also paid freight charges of $1,500 on inventory purchases. At year-end, G's ending merchandise inventory balance stood at $16,800. Assume that G uses the periodic inventory system Compute G's cost of goods sold for the year. Less: Plus: Less: Cost of Goods Sold