The adjusted trial balance of A. Oriole Company at the end of its fiscal year, August...

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The adjusted trial balance of A. Oriole Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,000; Purchases $156.500: Sales Revenue $192.500: Freight-in $5,000: Sales Returns and Allowances $3,050: Freight-Out $1,950; and Purchase Returns and Allowances $2,800. The ending inventory is $24,000. Prepare a cost of goods sold section on the income statement for the year ended August 31, 2022 (periodic inventory system). e Textbook and Media List of Accounts A. ORIOLE COMPANY Income Statement-cost of goods sold section (periodic system) $ The adjusted trial balance of A. Oriole Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,000; Purchases $156.500: Sales Revenue $192.500: Freight-in $5,000: Sales Returns and Allowances $3,050: Freight-Out $1,950; and Purchase Returns and Allowances $2,800. The ending inventory is $24,000. Prepare a cost of goods sold section on the income statement for the year ended August 31, 2022 (periodic inventory system). e Textbook and Media List of Accounts A. ORIOLE COMPANY Income Statement-cost of goods sold section (periodic system) $

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