Suppose that Crane uses a periodic inventory system and has the following financial information: Purchases $$615,500$; Purchase Returns and Allowances $$21,300$; Purchases Discounts $$14,800$; Freight$-$In $$20,300$; beginning inventory of $$40,600$; ending inventory of $$56,200,$ and net sales of $$705,000.$

Determine the amounts to be reported for cost of goods sold and gross profit.