Our company made $2,000,000 in sales this year, and its grosss margin was $500,000. The beginning inventory was $850,000. What was the amount of Cost of Goods Sold? $1,500,000 . $650,000 $1,150,000 some other amount + Which of the following would be shown on an income statement as a non-operating item? Cost of Goods Sold Gross Margin Purchase of land for cash Gain on Sale of Land 7 0 000 D On which financial statement could we see Gross Margin? Statement of changes in stockholders' equity Balance sheet Single step income statement Multiple step income statement