Sparks Company reported sales revenue of $360,000, operating expenses of $50,000, and a net loss of $45,000 for the most recent fiscal year. What amount did Sparks report for cost of goods sold?

A : $265,000

B : $405,000

C : $355,000

D : $410,000

When I do this problem for cost of goods sold i subtract operating expenses from sales revenue and get $310,000. can someone explain if this is the correct formula if not can you show me?