Question 4 Assume that Gaska Company uses a periodic inventory system and has these account balances: Purchases 48,000 Sales 109,800 Purchase Returns & Allowances 6,000 Inventory (12/31/2018) 67.800 Freight-In 4,600 Inventory (1/1/2018) 86,000 Purchase Discounts 1,300 Sales Returns and Allowances 16,470 Freight-Out 5,200 Sales Discounts 1,098 Determine the amounts to be reported for cost of goods sold, gross profit, and gross profit % (Show all work). Cost of goods sold (6 points) Gross Profit (2 points) Gross Profit Percent (1 Point)