Use the following data to compute the amount of the Cost of Goods Sold Sales $125,000 1,850 Sales Returns & Allowances Sales Discounts 3,275 Purchases 89,000 54,200 5,880 3,720 69,940 Merchandise Inventory, Jan. 1, 2018 Purchase Returns & Allowances Purchase Discounts Merchandise Inventory, Dec.31, 2018