Consider the following information for Year 1 of the Jackson Corporation: Purchases = $237,000 Sales = $458,000 Shipping to receive the inventory from wholesaler = $15,000 Cash Discounts on Purchases = $23,000 Advertising Expense = $30,000. On January 1, a count of inventory showed $80,000, whereas, on December 31, a count of inventory showed $123,000. What was cost of goods sold for the period