Wildhorse Stores uses a periodic inventory system and reports the following information for 2021: Beginning inventory $48,000 Net sales $538,000 Ending inventory 73,000 Purchase discounts 6,200 Freight in 13,000 Purchase returns and allowances 9,200 Freight out 10,400 Purchases 345,000 Prepare the cost of goods sold section of the multiple-step income statement for Wildhorse Stores. WILDHORSE STORES Income Statement $ $