The following balances are from the accounts of Secol Machining Company: Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 97,100 109,400 45,700 December 31 (Ending) $109,600 107,800 43,200 Direct materials purchased during the year amount to $513,700, and the cost of goods sold for the year was $1,870,000. Required: Prepare a cost of goods sold statement. (Input all amounts as positive values. Omit the "$" sign in your response.)