Sierra Co. provided the following information for the year ended December 31, 20Y1 Amount Costs Finished goods inventory - beginning balance Finished goods inventory - ending balance Costs of Goods manufactured Selling expenses General and administrative expenses Sales revenue Costs of goods sold for the year ended December 31, 20Y1: $ Net income for the year ended December 31, 20Y1: $ $150,000 $120,000 $380,000 $85,000 $245,000 $1,120,000 Instruction: Do not use "$" in your answer. Use thousand separator. E.g., 1,500,000