Income Statement, Statement of Owner's Equity, and Balance Sheet

Paulson's Pet Store completed the Adjusted Trial Balance for the year ended December $31,20--.$ Owner's equity as of January $1,20--,$ was $$514,430.$ The current portion of Note Payable is $$2,000.$

Paulson's Pet Store

End$-$of$-$Period Spreadsheet $($Partial$)$

December $31,20--$

ACCOUNT TITLE ADJUSTED TRIAL BALANCE

DEBIT CREDIT

Cash $23,430\mathrm{.}00$

Accounts Receivable $9,370\mathrm{.}00$

Merchandise Inventory $64,900\mathrm{.}00$

Estimated Returns Inventory $1,100\mathrm{.}00$

Supplies $2,500\mathrm{.}00$

Prepaid Insurance $1,800\mathrm{.}00$

Land $90,000\mathrm{.}00$

Building $350,000\mathrm{.}00$

Accum. Depr.$$Building $20,000\mathrm{.}00$

Store Equipment $120,000\mathrm{.}00$

Accum. Depr.$$Store Equipment $3,600\mathrm{.}00$

Accounts Payable $9,560\mathrm{.}00$

Customer Refunds Payable $1,700\mathrm{.}00$

Wages Payable $1,100\mathrm{.}00$

Sales Tax Payable $3,430\mathrm{.}00$

Note Payable $16,000\mathrm{.}00$

B$.$ Paulson, Capital $534,430\mathrm{.}00$

B$.$ Paulson, Drawing $4,800\mathrm{.}00$

Income Summary $59,200\mathrm{.}0064,900\mathrm{.}00$

$900\mathrm{.}001,100\mathrm{.}00$

Sales $326,050\mathrm{.}00$

Sales Returns and Allowances $5,360\mathrm{.}00$

Purchases $162,640\mathrm{.}00$

Purchases Returns and Allowances $4,080\mathrm{.}00$

Purchases Discounts $3,200\mathrm{.}00$

Freight$-$In $1,600\mathrm{.}00$

Wages Expense $69,300\mathrm{.}00$

Advertising Expense $1,200\mathrm{.}00$

Supplies Expense $800\mathrm{.}00$

Phone Expense $2,736\mathrm{.}00$

Utilities Expense $2,864\mathrm{.}00$

Insurance Expense $1,600\mathrm{.}00$

Depr. Expense$$Building $10,000\mathrm{.}00$

Depr. Expense$$Store Equipment $1,800\mathrm{.}00$

Miscellaneous Expense $600\mathrm{.}00$

Interest Expense $650\mathrm{.}00$

$989,150\mathrm{.}00989,150\mathrm{.}00$

$321,250\mathrm{.}00399,330\mathrm{.}00$

Net Income $78,080\mathrm{.}00$

What is the cost of goods sold?