The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2014, includes these accounts: Inventory $18,080; Purchases $156,330; Sales Revenue $192,100; Freight-In $4,870; Sales Returns and Allowances $4,220; Freight-Out $1,520; and Purchase Returns and Allowances $2,460. The ending merchandise inventory is $30,980. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).