Concord Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2017 was $313000. The balance in the same account at the end of 2018 is $485000. Concords Cost of Goods Sold account has a balance of $2320000 from sales transactions recorded during the year. What amount should Concord report as Cost of Goods Sold in the 2018 income statement?

$2320000.

$2805000.

$2492000.

$2148000.