profit and loss statement using the following values; show separate statement statement for cost of goods sold.

Sales returns $5,000

Freight In 15,000

insurance expense 2,000

Merchandise inventory

7/1/21 40,000

Salary expense 25,000

interest expense 11,000

Merchandise inventory

6/30/22 45,000

sales 270,000

supply expense 15,000

utility expense 15,000

Advertising expense 10,000

Delivery expense 15,000

travel expense 10,000

purchases 115,000

Purchase returns & allow 3,000