Using the following data taken from Husu's Imports Inc. which uses a periodic inventory system , prepare the cost of goods sold section of the income statement for the year ended March 31.

Calculator Print Item Using the following data taken from Hsu's Imports Inc. which uses a per March 31. Inventory, April 1 Inventory, March 31 Purchases Purchases returns and allowances Purchases discounts Sales Freight in $ 193,250 180,100 1,079,600 51,200 18,500 1,860,000 19,250 Hsu's Imports Inc Partial Income Statement For the Year Ended March 31 Cost of goods sold: Cost of merchandise purchased All work saved. Calculator Print Item Momo Inventory, March 31 Purchases Purchases returns and allowances Purchases discounts Sales Freight in 180,100 1,079,600 51,200 18,500 1,860,000 19,250 Hsu's Imports Inc. Partial Income Statement For the Year Ended March 31 Cost of goods sold: Cost of merchandise purchased: Net purchases Total cost of merchandise purchased Cost of goods sold