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PART II (10 Points) Prepare a Cost of Goods Sold Section of a Periodic Income Statement using the following information: Freight Out $200, Purchases $9,100,

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PART II (10 Points) Prepare a Cost of Goods Sold Section of a Periodic Income Statement using the following information: Freight Out $200, Purchases $9,100, Purchases Returns & Allowances 500 Sales Salaries 3,500. Purchases Discounts 400. Beginning Inventory 28,500. Cost of Goods Available for Sale 37.700, Ending Inventory 20,200

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