White Corporation uses the FIFO method for internal reporting purposes and UFO for external reporting purposes. The balance in the UFO Reserve account at the end of 2017 was $320.000 The balance in the same account at the end of 2018 is $480,000 White's Cost of Goods Sold account has a balance of $2.400 000 from sales transactions recorded during the year. What amount should W e reports Cost of Goods Sold in the 2018 income statement a $2.240.000 $2,560,000 oc $2.240.000 a $2,880,000