Billi Corp.'s trial balance (pretax) of income statement accounts for the year ended December 31, 2020 included the following:

	Debit	Credit
Sales revenue		280,000
Cost of goods sold	170,000
Administrative expenses	40,000
Loss on disposal of equipment	18,000
Sales commission expense	16,000
Interest revenue	10,000
Freight-out	6,000
Loss from discontinued operations	24,000
Bad debt expense	6,000

Other information:

Billi's income tax rate is 20%.

Finished goods inventory:

January 1, 2020 $160,000

December 31, 2020 140,000

Billi 's cost of goods manufactured for 2020 is