The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $19,500; Purchases $149,000; Sales Revenue $190,000; Freight-In $5,000; Sales Returns and Allowances $3,000; Freight-Out $1,000; and Purchase Returns and Allowances $2,000. The ending inventory is $23,000.

Prepare a cost of goods sold section for the year ending August 31 (periodic inventory)