Given the Following Information,prepare in Good Form the Cost of Goods

Essay

Given the following information,prepare in good form the cost of goods sold section of an income statement for 2010.
$\begin{array}{lr}\text { Freight-In } & \$ 8000 \\\text { Merchandise Inventory, December 31, } 2009 & 30,000 \\\text { Merchandise Inventory, December 31, } 2010 & 32,000 \\\text { Purchases } & 76,000 \\\text { Purchases Returns and Allowances } & 3,600\end{array}$