C- The following information has been taken from a manufacturing company for the year 2019: Sales revenues 180,000-opening inventory of materials 50,000 - closing inventory of materials 40,000 - opening inventory of finished goods 30,000 - closing inventory of finished goods 20,000- Cash discount allowed 2,000 - Sales returns 1,500 - cost of goods produced 130,000 - Trade discount allowed 2,500 Required: Calculate cost of goods sold and gross profit for the year ended December 31, 2019