4. The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2018 and December 31, 2018: January 1, 2018 December 31, 2018 Accounts receivable 51,000 70,000 Inventory 28,000 52,000 Accounts payable 39,000 54,000 Salaries payable 17,000 3,000 Investments 46,000 59,000 Common stock 110,000 130,000 Retained earnings 25,000 41,000 The following selected information was taken from Buckeye Company's 2018 statement of cash flows: Cash collected from customers $385,000 Cash paid to purchase inventory 199,000 Cash paid to employees 81,000 Cash paid to purchase investments 40,000 Cash received from sale of investments 35,000 Cash paid for dividends 30,000 Calculate the amount of cost of goods sold reported in Buckeye Company's 2018 income statement