39. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below. cham incorporated Balance the of December 19, 2015 Assets Current Assets Cash Inventory Accounts Receivables Total Current Assets $130,000 80.000 0.000 950.000 50,000 110,000 $200.000 Lates Current Accounts Payable Notes Payable Total Current tables Non-current Debt Owner's Equity Common Shock Rained amning Total dat 150,000 Non-current Assets Pant and Equipment Patents Total Assets 350.000 50 000 S650 000 220,000 000 S000 Bellingham's inventory balance on December 31, 2018 was $70,000. They purchased $40,000 worth of inventory in 2019 and during the year there were no inventory related write-downs or losses. What was the cost of goods sold in 2019? O $10.000 O $20.000 $30,000 $40.000