The trial balance of A. Wildhorse Company at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $19,500; Purchases $151,500; Sales Revenue $196,000; Freight-In $4,300; Sales Returns and Allowances $3,450; Freight-Out $1,200; and Purchase Returns and Allowances $2,200. The ending inventory is $23,500. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

A. WILDHORSE COMPANY Income Statement - cost of goods sold section (periodic system) For the Month Ended August 31, 2020For the Year Ended August 31, 2020August 31, 2020
Inventory, September 1, 2019Net PurchasesRevenuesExpensesNet Income / (Loss)Inventory, August 31, 2020Total ExpensesTotal RevenuesCost of Goods PurchasedCost of Goods Available for SaleDrawings				$
		$
AddLess :
Inventory, August 31, 2020Cost of Goods Available for SaleCost of Goods PurchasedRevenuesNet PurchasesTotal ExpensesDrawingsTotal RevenuesNet Income / (Loss)ExpensesInventory, September 1, 2019
AddLess :
DrawingsRevenuesInventory, September 1, 2019Inventory, August 31, 2020Total RevenuesNet PurchasesTotal ExpensesCost of Goods PurchasedCost of Goods Available for SaleExpensesNet Income / (Loss)
Net Income / (Loss)RevenuesDrawingsCost of Goods Available for SaleTotal ExpensesNet PurchasesInventory, September 1, 2019Total RevenuesInventory, August 31, 2020Cost of Goods PurchasedExpenses
Cost of Goods PurchasedDrawingsTotal RevenuesNet PurchasesCost of Goods Available for SaleInventory, September 1, 2019Inventory, August 31, 2020ExpensesNet Income / (Loss)RevenuesTotal Expenses
				$