The trial balance of Francine Pty Ltd at the end of its financial year, 30 June 2016, includes these accounts: Beginning Inventory $56 760; Purchases $469 920; Sales $627 000; Sales Returns and Allowances $9900; Freight-out $3300; Purchase Returns and Allowances $6600. The ending inventory is $85 800. 

Required

Prepare the cost of sales section of the statement of profit or loss for the year ending 30 June 2016.