The following data was taken from ledger account balances and supplementary data for the Whisk Company. Whisk Company uses periodic inventory method to account for its inventory.

Merchandise inventory, beginning.........................................................................	$ 40,000
Merchandise inventory, ending..............................................................................	46,000
Purchases................................................................................................................	430,000
Purchases discounts...............................................................................................	12,000
Purchases returns and allowances..........................................................................	6,000
Sales.......................................................................................................................	800,000
Sales discounts.......................................................................................................	6,400
Sales returns and allowances..................................................................................	3,600
Transportation-in....................................................................................................	20,000

Required:

Show the computation, in Income Statement format, of net sales, cost of goods sold, and gross profit for the year ended December 31, 2021