The adjusted trial balance of Kingbird, Inc. at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $18,900, Purchases $155,000, Sales Revenue $190,000, Freight-In $7,300, Sales Returns and Allowances $3,200, Freight-Out $1,100, and Purchase Returns and Allowances $5,300. The ending inventory is $23,000. Prepare a cost of goods sold section on the income statement for the year ending August 31, 2022 (periodic inventory system)