Prepare the cost of goods sold section of the income statement for L. I. Grill from the information given below: $\begin{array}{lr}
\text { Merchandise Inventory, January 1, 20-- } & \$ 57,700 \
\text { Merchandise Inventory, December 31, 20-- } & 48,300 \
\text { Purchases } & 98,000 \
\text { Purchases Returns and Allowances } & 6,100 \
\text { Purchases Discounts } & 8,175 \
\text { Freight-In } & 1,100
\end{array}$

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The Answer of Prepare the cost of goods sold section of the income statement for L. I. Grill from the information given below: $\begin{array}{lr}
\text { Merchandise Inventory, January 1, 20-- } & \$ 57,700 \
\text { Merchandise Inventory, December 31, 20-- } & 48,300 \
\text { Purchases } & 98,000 \
\text { Purchases Returns and Allowances } & 6,100 \
\text { Purchases Discounts } & 8,175 \
\text { Freight-In } & 1,100
\end{array}$

Prepare the Cost of Goods Sold Section of the Income