Using the information presented above, determine the amount of Cost of Goods Sold reported on the 2019 accrual based Income Statement:

The Income Statement of Desert Corporation for 2019 included Interest Revenue for $156,000. The Cash Ledger for the company for 2018 showed $199,500 cash paid for salaries, $18,600 cash paid for insurance, and $433,200 cash paid for inventory. The following balances have been excerpted from Desert Corporation's balance sheet: December 31, 2018 December 31, 2019 Interest Receivable $18,200 $9,000 Salaries & Wages Payable $17,800 $ 25,400 Prepaid Insurance $ 1,200 $ 3,000 Inventory $33,000 $59,000 Accounts Payable $16,700 $35,500