I need answer

D- The following information have been taken from a manufacturing company for the year 2020: Sales revenues $74,000 inventory of raw materials January 1, 2020 5,000 inventory of raw materials December 31, 2020 6,000 Purchases of raw materials during 2020 12,000 inventory of work in progress January 1, 2020 8,000 inventory of work in progress December 31, 2020 7,000 inventory of finished goods January 1 2020 6.000 inventory of finished goods December 31, 2020 4.000 Sales returns 1,500 cost of goods produced 56,000 Trade discount allowed 2,500 Cash discount allowed 2,000 Salaries Expense 10,000 Required: Calculate cost of goods sold and gross profit for the year ended December 31, 2020