Can someone give a response to the provided discussion answer below? The grading rubric is displayed in the attached file. Thanks!

"Accounting for Inventories" Please respond to the following: E5-12 The trial balance of Mendez Company at the end of its fiscal year, August 31, 2017, includes these accounts: Beginning Inventory $18,700, Purchases $154,000, Sales Revenue $190,000, FreightIn $8,000, Sales Returns and Allowances $3,000, FreightOut $1,000, and Purchase Returns and Allowances $5,000. The ending inventory is $21,000. Instructions Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2017. Note: All students are required to post a minimum of two posts per online discussion thread. Students must have one original post and a minimum of one other post per discussion thread. Click to review the Grading Rubric for Discussions