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THE Company's 2022 statement of cash flows reported cash paid to suppliers for purchases of inventory of $367,000. The following accounts were taken from THE

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THE Company's 2022 statement of cash flows reported cash paid to suppliers for purchases of inventory of $367,000. The following accounts were taken from THE Company's balance sheets during 2022: Accounts payable Accounts receivable Inventory Jan. 1, 2022 58,000 79,000 26,000 Dec. 31, 2022 34,000 84,000 77,000 Calculate the amount of cost of goods sold shown on THE Company's 2022 income statement

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