The following selected account balances were taken from Buckeye Company's general ledger at

January 1, 2005 and December 31, 2005:

                    January 1, 2005      December 31, 2005

  Accounts receivable    50,000                71,000

  Inventory              39,000                28,000

  Accounts payable       45,000                54,000

  Salaries payable        7,000                 3,000

  Investments            59,000                46,000

  Common stock          110,000               130,000

  Retained earnings      21,000                45,000

The following selected information was taken from Buckeye Company's statement of cash flows for 2005:

  Cash collected from customers           $385,000

  Cash paid to purchase inventory          199,000

  Cash paid to employees                    80,000

  Cash received from sale of investments    15,000

  Cash paid for dividends                   30,000

Calculate the amount of cost of goods sold reported in Buckeye Company's 2005 income statement.

Do not use decimals in your answer.