The following transactions pertain to 2019, the first year operations of Kendall Company, All inventories was started and completed during 2019. Assume that all transactions are cash transactions 1. Acquired $105,000 cash by issuing common stock. 2. Paid $45,000 for manufacturing equipment and 5 year useful life. 3. Paid $9,400 for materials used to produce inventory. 4. Paid 58,500 to production workers. 5 Paid 54,400 for administrative office furniture, it had $1,000 salvage value and 5 year useful life 6. Paid $13,000 to administrative employees salaries 7. Produced 9,000 units of inventory of which 7,000 units were sold at a price of $7.00 each. Calculate cost of goods sold. (Recuerda redondear cantidad a dos decimas 50.00)