The following information is available from Carron Company's 2019 accounting records: Purchases..... ..$530,000 Purchase discounts ................. 10,000 Freight-out........ ...40,000 Beginning inventory ................160,000 Ending inventory ............216,000 Freight-in............ ........7,000 Purchases returns and allowances...7.000 1 Requirement: Calculate the cost of goods sold for the year 2019. (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500)