Your answer is partially correct. The trial balance of Blossom Company at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $22,900; Purchases $180,980; Sales Revenue $188,900; Freight-In $7,580; Sales Returns and Allowances $3,640; Freight-Out $2,900; and Purchase Returns and Allowances $5,890. The ending inventory is $23,300. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022. Blossom Company Income Statement For the Month Ended August 31, 2022 Inventory, September 1, 2021 $ 22,9 Purchases $ 180,980 Less : Purchase Returns and Allowances 5,890 Net Purchases 175090 Add Freight-In 7,580 Cost of Goods Purchased Cost of Goods Available for Sale