The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $20,500; Purchases $157,000; Sales Revenue $193,000; Freight-In $4,350; Sales Returns and Allowances $3,920; Freight-Out $1,799; and Purchase Returns and Allowances $2000. The ending inventory is $26,500. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).