You can calculate the missing items to complete the cost of good sold section.

Please present the calculations made.

CALCULATE THE MISSING ITEMS TO COMPLETE THE COST OF GOODS SOLD SECTION. PRESENT THE CALCULATIONS MADE. COST OF GOODS SOLD $5,000 10,500 135,500 2 BEGINNING MERCHANDISE INVENTORY PURCHASES FREIGHT IN COST OF PURCHASES LESS PURCHASE DISCOUNTS PURCHASE RETURNS AND ALLOW NET PURCHASES COST OF GOODS AVAILABLE FOR SALE LESS ENDING MERCHANDISE INVENTORY COST OF GOODS SOLD 7.000 (12,000) 128.500 $118.500