Newark Company has provided the following information: Cash sales, $530,000 .Credit sales, $1,430,000 Selling and administrative expenses, $410,000 Sales returns and allowances, $98,000 Gross profit, $1,440,000 Increase in accounts receivable, $63,000 Bad debt expense, $41,000 Sales discounts, $51,000 .Net income, $1,030,000 How much is Newark's cost of goods sold