The trial balance of Wildhorse Co. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $18,880; Purchases $247,950; Sales Revenue $182,400; Freight-In $9,050; Sales Returns and Allowances $5,140; Freight-Out $1,720; and Purchase Returns and Allowances $5,180. The ending inventory is $23,700.

Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022.