21. Maya Company reports the following amounts for the year ending on December 31, 2004: Merchandise Inventory, January 1, 2004: $70,000 Cost of Transportation : $2,300 Invoice Cost of Merchandise Purchases : $195,000 Purchase Returns and Allowances: $4,650 Purchase Discounts Received: $3,500 Cost of Goods Sold: $158,700 Cost of merchandise returned by customers and restored to inventory: $17,300 Calculate the Merchandise Inventory, December 31, 2004 A) $117.750 B) $83,150 C) $45,150 D) $113,150 E) $129,450