On January 1, 2020, Pride, Inc. acquired 70% of the outstanding voting common stock of Strong Corp. for $350,000. There is no active market for Strongs stock. Of this payment, $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired.

As of December 31, 2020, before preparing the consolidated worksheet, the financial statements appeared as follows:

	Pride, Inc.				Strong Corp.
Revenues	$	420,000			$	280,000
Cost of goods sold		(198,000	)			(114,000	)
Operating expenses		(30,000	)			(12,000	)
Net income	$	192,000			$	154,000
Retained earnings, 1/1/20	$	420,000			$	210,000
Net income (above)		196,000				154,000
Dividends paid		0				0
Retained earnings, 12/31/20	$	616,000			$	364,000
Cash and receivables	$	294,000			$	126,000
Inventory		210,000				154,000
Investment in Strong Corp		364,000				0
Equipment (net)		616,000				420,000
Total assets	$	1,484,000			$	700,000
Liabilities	$	588,000			$	196,000
Common stock		280,000				140,000
Retained earnings, 12/31/20 (above)		616,000				364,000
Total liabilities and stockholders equity	$	1,484,000			$	700,000

During 2020, Pride bought inventory for $112,000 and sold it to Strong for $140,000. Only half of the inventory purchase price had been remitted to Pride by Strong at year-end. As of December 31, 2020, 40% of these goods remained in the company's possession.

What is the total of consolidated cost of goods sold at December 31, 2020?

Select one:

a. $184,800.

b. $183,200.

c. $308,000.

d. $212,800.

e. $168,000.