Malcom, Inc. had the following balances and transactions during 2017: Beginning: Merchandise Inventory as of January 1, 2017 150 units at $81 March 10: Purchased 50 units at $82 June 10: Purchased 270 units at $85 October 30: Sold 210 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used? $17,100 $12,150 $22,350 $35,100