The following information is available for ABC Company on December 31, 2020: Inventory (beginning inventory was $90,000) $90,000 Common stock 112,500 Total stockholders' equity 217,500 Current ratio 2.25 to 1 Inventory turnover (in times) 16.4 Days' sales in receivables 14.4 Gross Profit % 25% Debt (all current) to equity 1 to 2.5 Required: Based on the above information, the cost of goods sold for the year, are: