Cash sales, $620,000 Credit sales, $1,520,000 Selling and administrative expenses, $500,000 Sales returns and allowances, $107,000 Gross profit, $1,530,000 Increase in accounts receivable, $72,000 Bad debt expense, $50,000 Sales discounts, $60,000 Net income, $1,030,000 How much is Newarks cost of sales?