Sheffield Corp. uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2020 was $293000. The balance in the same account at the end of 2021 is $416000. Sheffields Cost of Goods Sold account has a balance of $2130000 from sales transactions recorded during the year. What amount should Sheffield report as Cost of Goods Sold in the 2021 income statement?

$2007000.

$2130000.

$2253000.

$2546000.