Sheffield Corp.'s accounting records reflect the following inventories:

	Dec. 31, 2019		Dec. 31, 2020
Raw materials inventory	$ 80000		$ 64000
Work in process inventory	104000		116000
Finished goods inventory	100000		92000

During 2020, Sheffield purchased $1600000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. Assume Sheffields cost of goods manufactured for 2020 amounted to $2014000. How much would it report as cost of goods sold for the year?