During the fiscal year 2018, Estrada Enterprises had the following values that needed to be recorded in their income statement:

What was Estrada Enterprises' cost of goods sold for 2018?

During the fiscal year 2020, Estrada Enterprises had the following values that needed to be recorded in their income statement: Disbursements for purchases Increase in trade accounts payable Decrease in merchandise inventory $973,000 55,000 16,000 What was Estrada Enterprises' cost of goods sold for 2020? $973,000. $1,044,000. $989,000. D. $1,028,000.