$36,000 $32,000 $1,800 $1,200 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts Purchase Returns and Allowances Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold $29,000 $2,500 $31,500 $67,500 $14,000 Given the information in the partial income statement below, what is the cost of goods sold? O $68,000 0 O $53,500 O $45,500 0 $50,000