8. The following information is available for Betty DeRose, Inc.: January 1, 2021 December 31, 2021 Accounts payable $74,000 $82,000 Inventory $65,000 $50,000 Betty DeRose reported $120,000 of cash paid to suppliers for purchases of inventory in its 2021 cash flow statement. 

Calculate Betty's cost of goods sold for 2021. Do not use decimals in your answer.