The trial balance of Pharoah Company at the end of its focal year August 1, 2022, louder the accounts Beginning inventory 518,790 Purchases 225,770 Se Rent 197,300, freight in 59.720; Sales Returns and Allowances 54,390; Freight Out 53.790, and Purchase Returns and Allowances $5.550. The ending inventory is $23.500 Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2012 Pharoah Company Income Statement For the Year Ended August 31, 2022 Inventor September 1, 2021 18.70 Purchases 226.730 Purchase turns and Allowance -5,550 Matthew 21100 Preghi 9,720 Cost of toode Puth Oto Aville for sale Inventory. An 2022 23.500 222020