The trial balance of A. Cullumber Company at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $20,000; Purchases $153,000; Sales Revenue $197,000; Freight-In $4,500; Sales Returns and Allowances $3,000; Freight-Out $1,500; and Purchase Returns and Allowances $2,100. The ending inventory is $24,000. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).