Prepare a cost of goods sold section(predoic system) for the year ending August 31,2025.

The trial balance of Blossom Company at the end of its fiscal year. August 31,2025 , includes these accounts: Beginning Inventory $18,500, Purchases $152,000, Sales Revenue $180,000. Freight-In $7,500, Sales Returns and Allowances $3,000, Freight-Out $1,000, and Purchase Returns and Allowances $5,000. The ending inventory is $20,000. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2025