The following information has been taken from ABC Company for the year 2019: Sales revenues 90,000 - Opening inventory of finished goods 60,000 - Closing inventory of finished goods 40,000 - Purchases 200,000 - Carriage inwards 1,000 - Trade discount received 10,000 - Trade discount allowed 3,000-Purchases returns 4,000 - Sales returns 3,500. Cost of goods sold for the year ended December 31, 2019, is: $206,000 $187.000 $86,500 $207,000