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Fall 2018 ACC 311 Exam 2 Newton Company has provided the following information: - Gross Cash sales, 5750,000 - Gross Credit aales, $1,630,000 - Bad debt expense, 545,000 - Sales retuma and allowances, 587,000 - Depreciation expense, $150,000 - Selling and administrative expenses, $260,000 - Gross profit, \$1,683,000 - Sales discounts, 550,000 How much is Newton's cost of goods sold? A. $697,000 B. $450,000 C. 5405,000 D. 5560,000 E. None of the above