Bailliere Company recorded cash sales of $$300,000$ and cost of goods sold relating to those sales of $$120,000$ on its Excel spreadsheet during the month of June. At the end of June, the company closed its underapplied overhead in the amount of $$5,000$ to cost of goods sold and reflected that transaction on its spreadsheet. What is the amount of cost of goods sold that will be reported on the company's income statement for the month of June? Explain.