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The following information was derived from Company A's current year accounting records. Beginning Inventory $1 22, 000 Purchases $550, 000 Net Sales $1.019, 000 Purchases

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The following information was derived from Company A's current year accounting records. Beginning Inventory $1 22, 000 Purchases $550, 000 Net Sales $1.019, 000 Purchases Returns and Allowances $5.000 Freight-ln $10, 000 Freight-Out $3, 000 Ending Inventory $165, 000 Operating Expenses $320, 000 Prepare in good form the Cost of Goods Sold section of Company A Income Statement for the current year, in the table listed below

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