5. Home Supplies, Inc., which uses a periodic inventory system, shows the following on December 31,2016 Purchase Discounts Freight-in Purchases Beginning Inventory Ending Inventory Purchase Returns $ 22,400 31,200 840,040 134,000 115,200 25,600 The cost of goods sold for the year 2016 is: A) $838,040 B) $795,640 C) $762,040 D) $842,040