A firm provides the following information: this year Accounts receivable 115,000 last year 98,000 Allowance for uncollectibles 2,000 3,000 Inventory 135,000 127,500 Prepaid supplies 12,000 10,000 Accounts payable 65,000 55,000 Credit sales 425,000 Cash sales 125,000 Cost of goods sold 225,000 Bad debt expense 8,000 How much new inventory was purchased during the year? Select one: O a. $232,500 O b. $225,000 c. $135,000 Od. $217,500