TC-2L Company began operations in 2026. During the year, the company worked on three jobs. Information related to these three jobs is given below: direct materials direct labor cost Job #1-A $65,100 $53,500 Job #2-B $88,300 $74,800 Job #3-C $48,700 $34,600 By the end of the year, Job #1-A and Job #2-8 had been completed. Job #3-C was not completed by the end of 2026. Additionally, by the end of 2026, one-half of Job #2-B had been sold. None of the units from Job #1-A had been sold by the end of 2026. Overhead is applied to jobs using a pre-determined rate of 70% of direct labor cost. The actual overhead cost incurred during 2026 amounted to $122,740. calculate the finished goods inventory balance at December 31, 2026. TC-2L company began operations in 2026. During the year, the company worked on three jobs. Information related to these three jobs is given below: .... direct materials direct labor cost Job #1-A $65, 100 $53,500 Job #2-B $88,300 $74,880 Job #3-C $48,700 $34,600 By the end of the year, Job #1 -A and Job #2-B had been completed. Job #3-C was not completed by the end of 2026. Additionally, by the end of 2026, one-half of Job #2-8 had been sold. None of the units from Job #1-A had been sold by the end of 2026. Overhead is applied to jobs using a pre-determined rate of 70% of direct labor cost. The actual overhead cost incurred during 2026 amounted to $122,740. Calculate the amount of cost of goods sold reported in the 2026 income statement after the overhead variance has been closed