Homeier Heating reported the following amounts on its comparative balance sheets:
12/31/12 12/31/11
Current Assets:
Inventories .........................................$66,000..................$55,000
Current Liabilities:
Accounts payable...................................33,000....................24,000
The company uses the direct method on its statement of cash flows and reported that it spent $44,000 during 2012 to acquire inventory. Determine cost of goods sold expense for 2012.