Company A uses FIFO to account for its inventories. Assume instead that Company A uses the LIFO method in 2021 and 2020. Further assume that the LIFO Reserve (the amount by which FIFO inventory exceeds inventory measured under LIFO) equals $195,000 at 12/31/2021 and $134,000 at 12/31/2020. What would Company A report for Cost of Sales under LIFO for 2021?

Cost of Sales reported in 2021 of $2,080,613.

Cost of Sales reported in 2020 of $1,686,324.

Cost of Sales reported in 2019 of $1,805,310.