Sarasota Lake Corporation's accounting records show the following at year-end December 31, 2017: Purchase Discounts $7,390 Beginning Inventory $33,630 Freight-In 8,910 Ending Inventory 29,640 Freight-Out 10,130 Purchase Returns and Allowances 3,360 Purchases 164,860 Assuming that Sarasota Lake Corporation uses the periodic system, compute cost of goods purchased and cost of goods sold. Cost of goods purchased $ Cost of goods sold