$$Deduct:

$\backslash$table$[[$Purchase returns and allowances $.,],[$Purchase discounts,$\backslash$table$[[25,300],[25,000]]]]$

Cost of goods purchased

$($b$)$ Now complete the schedule cost of goods sold.

Motors Retail Outlet Stores

Schedule of Cost of Goods Sold

For the Year Ended December $31,2020($in thousands$)$

Merchandise inventory, December $31,2020$

Freight$-$in $$

$$

$$

$$

$$

Cost of goods sold $$