On January 1, 2021. P.inc acquired 80% of the outstanding voting common stock of S Corp. for $364,000. There is no active market for S Corp's stock of this payment, $35,000 was allocated to undervalued equipment with a five-year life. Any remaining excess was attributable to goodwill, which has not been impaired. As of December 31, 2021, before preparing the consolidated worksheet, the financial statements appeared as follows: Pride, Inc. Strong Corp. $ 420,000 $ 280,000 (196,000) (112,080) (28,000) (14,000) $ 196,000 $ 154,000 $ 420,000 $ 210,000 196,000 154,800 Revenues Cost of goods sold Operating expenses Net income Retained earnings, 1/1/21 Net income (above) Dividends paid Retained earnings, 12/31/21 Cash and receivables Inventory Investment in s Corp. Equipment (net) Total assets Liabilities $ 364,000 $ 126,000 154,000 $ 616,000 $ 294,000 210,000 364,000 616,000 $1,484,000 588,000 420,000 $ 700,000 $ 196,000 Help Save & Exit $ 196,000 $ 420,000 196,000 $ 154,000 $ 210,000 154,000 $ 364,000 $ 126,000 154,000 Net income Retained earnings, 1/1/21 Net income (above) Dividends paid Retained earnings, 12/31/21 Cash and receivables Inventory Investment in s Corp. Equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/21 (above) Total liabilities and stockholders' equity $ 616,000 $ 294,000 210,000 364,000 616,000 $1,484,000 $ 588,000 280,000 616,000 $1,484,000 420, eee $ 700,000 $ 196,000 140,000 364,000 $ 700,000 During 2021. P Inc. bought inventory for $112,000 and sold it to S Corp. for $140,000. Only half of the inventory purchase price had been remitted to P Inc. by S Corp. at year-end. As of December 31, 2021. 60% of these goods remained in the company's possession What is the total of consolidated cost of goods sold at December 31, 2021