Swifty corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO reserve account Swifty Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the

LIFO Reserve account at the end of $2025$ was $$284000.$ The balance in the same account at the end of $2026$ is $$416000.$ Swifty's Cost

of Goods Sold account has a balance of $$2180000$ from sales transactions recorded during $2026.$ What amount should Swifty report

as Cost of Goods Sold in the $2026$ income statement?

$$2180000$

$$2312000$

$$2596000$

$$2048000$