The following information has been taken from ABC Company for the year 2019: Sales revenues 300,000- Opening inventory of finished goods 175,000-Closing inventory of finished goods 125,000-Purchases 475,000 -Trade discount received 37,500 - Trade discount allowed 12,000- Purchases returns 37,500-Sales returns 28,000. Cost of goods sold for the year ended December 31, 2019, is: