Part B Buymore & Co sells online at 'Shopper' app and its financial year ends on June 30. It uses the periodic inventory system. The following is the extract of the trial balance of certain accounts as at June 30, 2021: Account name Inventory Accounts receivable Purchase Purchase return Sales Sales return Accounts payable Account balance ($) 24,000 500,000 116,000 10,000 640,000 34,000 160,000 Additional information: Inventory on hand as at June 30, 2021 (as per stocktake): $60 000 Buymore & Co is preparing the closing entries to 'Cost of Goods Sold' account at year end. Required: Show the journal entries of 'Closing entries to the Cost of Goods Sold