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Bonita Corporation had net income of $320000 and paid dividends to common stockholders of $22720 in 2021. The weighted average number of shares outstanding in 2021 was 32000 shares. Bonita Corporation's common stock is selling for $48 per share on the New York Stock Exchange. Bonita Corporation's payout ratio for 2021 is

$10.0 per share.

23.8%.

7.1%.

5.1%.

Marigold Corp. reported the following year-end information: beginning work in process inventory, $71000; cost of goods manufactured, $660000; beginning finished goods inventory, $41000; ending work in process inventory, $61000; and ending finished goods inventory, $31000. How much is Marigolds cost of goods sold for the year?

$680000

$670000

$650000

$660000