The periodic inventory records of Barringer Boats, Ltd. include these accounts at December 31, 20X0: Purchases of inventory.. $98,600 Purchase discounts 3.000 Purchase returns and allowances 2.000 Freight in. 4,100 Inventory. 19.400 One year ago, at December 31, 19X9. Barringer's inventory balance stood at $21.000. Required Compute Barringer's cost of goods sold for 20X0 as in the periodic inventory system.