Question 3 - Reporting and Analyzing Inventory (20 marks) 3A The trial balance of Holland Company at the end of its fiscal year, August 31, 2021, includes these accounts: Beginning Inventory $18,700; Purchases $154,000: Sales Revenue $190,000: Freight-In $8,000; Sales Returns and Allowances $3.000; Freight- Out $1.000; and Purchase Returns and Allowances $5,000. The ending inventory is $19.000. Instructions Prepare a cost of goods sold section (periodic system) for the year ending August 31. (10 points) 3B Y N $ 700 $0) Below is a series w of cost of goods sold sections for companies W.X Y. and Z W Beginning $ 150 inventory Purchases 1,600 Purchase returns 90 and allowances Net purchases (a) BLANK Freight-in 140 Cost of goods (b) BLANK purchased Cost of goods 1,800 available for sale Ending inventory 310 Cost of goods sold (c) BLANK $ 120 1.080 (d) BLANK 19) BLANK 290 1,020 (e) BLANK 1.230 1,350 (1) BLANK 1.230 7,710 (h) BLANK 8,060 BLANK 1,150 7,600 BLANK 43,590 (k) BLANK 42,290 2,240 (I) BLANK 49,530 6,230 43,300 Instructions Fill in the lettered blanks to complete the cost of goods sold sections (10 points)