Lucia Company reported cost of goods sold for Year 1 and Year 2 as follows: Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory Cost of goods sold Year 1 $125,000 251,000 376,000 131,000 $245,000 Year 2 $131,000 280,000 411,000 136,000 $275,000 (8 02:518 Lucia Company made two errors: 1) ending inventory at the end of Year 1 was understated by $16,000 and 2) ending inventory at the end of Year 2 was overstated by $7.000. Given this information, the correct cost of goods sold figure for Year 2 would be