Question 2 of 3 Current Attempt in Progress The trial balance of Wildhorse Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $32,000; Purchases $142,600; Sales Revenue $195,000; Freight-In $9,300; Sales Returns and Allowances $3,100; Freight-Out $1,600; and Purchases Returns and Allowances $6,300. The ending inventory is $25,000. Prepare a cost of goods sold section for the year ending August 31. WILDHORSE COMPANY Income Statement (Cost of Goods Sold section - Periodic system) For the Year Ended August 31, 2022 + Inventory, September 1, 2021 4: Save for Later + + $ $ -/3 = Attempts: 0 of 1 used 32000 Submit Answer

The trial balance of Wildhorse Company at the end of its fiscal year, August 31,2022 , includes these accounts: Inventory $32,000; Purchases $142,600; Sales Revenue $195,000; Freight-In $9,300; Sales Returns and Allowances $3,100; Freight-Out $1,600; and Purchases Returns and Allowances $6,300. The ending inventory is $25,000. Prepare a cost of goods sold section for the year ending August 31