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The adjusted trial balance of A. Blossom Company at the end of its fiscal year, August 31,2022 , includes these accounts: Inventory $19,000; Purchases $151,500;
The adjusted trial balance of A. Blossom Company at the end of its fiscal year, August 31,2022 , includes these accounts: Inventory \$19,000; Purchases \$151,500; Sales Revenue \$195,000; Freight-In \$5,000; Sales Returns and Allowances \$3,700; Freight-Out $1,750; and Purchase Returns and Allowances $2,850. The ending inventory is $24,000. Prepare a cost of goods sold section on the income statement for the year ended August 31,2022 (periodic inventory system)
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