The trial balance of D. Savage Company at the end of its fiscal year, August 31, 2017, includes these accounts: Inventory $17,200, Purchases $149,000, Sales Revenue $190,000, Freight-In $5,000, Sales Returns and Allowances $3,000, Freight-Out $1,000, and Purchase Returns and Allowances $2,000. The ending merchandise inventory is $23,000. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).