3) The following details are provided by Western Wear Merchandisers. The company uses the periodic inventory system. Net Sales Revenue $198,000 Purchases 94,000 Purchase Returns and Allowances 2,000 Purchase Discounts 1,500 Freight In 1,700 Beginning Merchandise Inventory 63,000 Ending Merchandise Inventory 37,000 Calculate the amount of net purchases. A) $153,500 C) $90,500 B) $88,800 D) none of the above