Sunland Companyuses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2017 was $317000. The balance in the same account at the end of 2018 is $471000.Sunland's Cost of Goods Sold account has a balance of $2300000from sales transactions recorded during the year. What amount shouldSunlandreport as Cost of Goods Sold in the 2018 income statement?

Answer Choices $2,771,000.00 $2,146,000.00 $2,300,000.00 $2,454,000.00