The periodic inventory records of Presley Video Sales include these accounts at December 31,
2014:
Purchases........................................................... $172,500
Purchase Discounts.................................................. 6,800
Purchase Returns and
Allowances............................................................... 8,600
Freight In.................................................................. 7,300
Inventory, December 31, 2013............................... 25,400
Inventory, December 31, 2014............................... 28,600
Required
Compute Presley Video's cost of goods sold for 2014.