Assuming the periodic inventory system is used for the current year, the following data were taken from the accounting records:

Purchases $250,000

Purchase returns and allowances $5,000

Discount received $2,000

Freight-in $4,000

Beginning inventory $45,000

Ending inventory $65,000

What was the amount for net purchases?

a.

$292,000.

b.

$241,000.

c.

$246,000.

d.

$245,000.