Brief Exercise 5-13 Your answer is incorrect. Try again. Assume that Skysong, Inc. uses a periodic inventory system and has these account balances: Purchases $477,500; Purchase Returns and Allowance $11,200; Purchase Discounts $8,900; and Freight-In $17,600. Skysong, Inc. has beginning inventory of $64,100, ending inventory of $94,800, and net sales of $771,600. Determine the amounts to be reported for cost of goods sold and gross profit. Cost of goods sold 457000 Gross profit 296600 LINK TO TEXT