Using the following data taken from Hsu's Imports Inc.which uses a periodic inventory system,prepare the cost of merchandise sold section of the income statement for the year ended March 31. 
Definitions:
Stock Dividend
Stock Dividend involves distributing additional shares of a company's stock to its shareholders as a form of dividend.
Par Value
The face value of a bond or a stock as stated by the issuing company, which may not reflect the current market value.
Paid-in Capital
The total amount of cash and other assets that shareholders have contributed to the company in exchange for shares.
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