The adjusted trial balance of A. Crane Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,000; Purchases $149,500; Sales Revenue $198,500; Freight-In \$4,400; Sales Returns and Allowances $4,000; Freight-Out $1,550; and Purchase Returns and Allowances $2,300. The ending inventory is $24,000. Prepare a cost of goods sold section on the income statement for the year ended August 31, 2022 (Deriodic inventorv svstem)