pany provided the following data for the end of the year (all raw materials are used in production as direct materials): Selling expenses $212,000 Purchases of raw materials $259,000 Direct labor $ 20,000 Administrative expenses $154,000 Manufacturing overhead applied to work in process $366,000 Actual manufacturing overhead cost $344,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning End of of Year Year $ 60,000 $ 38,000 $ 25,000 $ 33,000 $ ? $ 44,000 For the year, the cost of goods available for sale was $720,000 and the net operating income as reported in its income statement income was $43,000. The Pany's underapplied or overapplied overhead was closed to Cost of Goods Sold. How much was th pany's sales revenue for the year? O $1,051,000 O $1,063,000 $1,059,000 O $1,055,000