Based on the information in the table, and using a 365-day year, calculate Average Day's Cost of Goods Sold Round the answers to two decimal places Balance Sheet December 31, 2015 Cash and $187,000 Accounts payable $217,000 marketable securities Accounts $498,000 $51,500 Notes payable receivable $799,000 Accrued expenses $58,300 Inventories Total current $326,800 Prepaid expenses $19,300 liabilities Total current $1,503,300 Long-term debt $215,400 assets Par value and Gross fixed assets $1,978,000 $128,000 paid-in-capital Less: accumulated Retained Earnings $2,333, 100 $478,000 depreciation $1,500,000 Net fixed assets Common Equity 2,461,100 Total liabilities $3,003,300 and owner's equity $3,003,300 Total assets Income Statement, Year of 2015 Net sales (all credit)$5,386,600.00 Less: Cost of goods $3,716,754.00 sold Selling and administrative $329,000.00 expenses Depreciation $138,000.00 expense $1,202,846.00 BIT $39,600.00 Interest expense Earnings before $1,163,246.00 taxes $465,298.40 Income taxes $697,947.60 Net income