Sunny Co. provided the following information for the year ended December 31, 20Y1: 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: $ Amount $160,000 $140,000 $510,000 $95,000 $218,000 $1,280,000