The trial balance of Cheyenne Company at the end of its fiscal year, August 31,2022 , includes these accounts: Inventory $20,800; Purchases $177,000; Sales Revenue $228,000; Freight-In $5,800; Sales Discounts $4,000; Sales Returns and Allowances $4,600; Freight-Out $2,300; Purchase Discounts $3,700 and Purchase Returns and Allowances $3,200. The ending Inventory is $27,762. (a) Prepare a cost of goods sold section for the year ending August 31 (periodic inventory)