Pharoah Company's trial balance of income statement accounts only for the year ended December 31, 2020 included the following:

Debit Credit

Sales revenue $286000

Cost of goods sold $167000

Administrative expenses 37000

Loss on disposal of equipment 18500

Sales commission expense

16200

Interest revenue 10000

Freight-out 5600

Loss from discontinued operations 24400

Bad debt expense

6200

Other information:

Pharoah's income tax rate is 30%. Finished goods inventory:

January 1, 2020 $158000

December 31, 2020 141000

On Pharoah's multiple-step income statement for 2020, Cost of goods manufactured is