Durable Equipment Company Uses the Periodic Inventory System Requirement A: Compute Cost of Goods Sold

Durable Equipment Company uses the periodic inventory system.Durable reported the following selected amounts at June 30,2019 (the beginning inventory balance is also provided):
$$\begin{array} { | l | r | } \hline \text { Merchandise Inventory, July 1, } & \\2018 & \$ 22,000 \\\hline \text { Merchandise Inventory, June 30, } \\2019 & 19,000 \\\hline \text { Purchases } & 96,000 \\\hline \text { Purchase Discounts } & 5,000 \\\hline \text { Purchase Returns and Allowances } & 8,500 \\\hline \text { Freight In } & 3,200 \\\hline \text { Net Sales Revenue } & 212,400\\\hline \text { Delivery Expense } & 1,400 \\\hline \text { Sales Salaries Expense } &44,200 \\\hline \text { Scheff, Capital } &69,500 \\\hline\end{array}$$ Requirement A: Compute cost of goods sold.
Requirement B: Compute gross profit.