You are buyer in your company's procurement department and have been able to secure a 5% reduction in cost from your supplier Current Financial Information Net Income = $5,658,000 Cost of Goods Sold = $18,038,000 Materials Cost = 85% of COGS Current Assets = $10,151,000 Inventory = $2 290,000 Total Assets = $34,628,000 What is the new Cost of Goods Sold after the 5% reduction in cost from your supplier? $17.271,385 0 $14.565,685 $15 332 300 $17, 136,100