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Below are accounts and ending balances as of 12/31/2020 from the adjusted trial balance of Gillyweeds, Inc. Assume all accounts have their normal debit or

Below are accounts and ending balances as of 12/31/2020 from the adjusted trial balance of Gillyweeds, Inc. Assume all accounts have their normal debit or credit balance. The firm has a monthly accounting period, and all revenue, expense, and dividends account balances are for the month ended 12/31/2020.

Cash

$17,251

Common Stock

$180

Accounts Receivable

$13,689

Additional Paid-in Capital

$9,826

Prepaid Rent

$2,000

Retained Earnings

$40,638

Inventory

$21,429

Sales Revenue

$241,633

Equipment

$100,000

Cost of Goods Sold

$122,140

Accumulated Depreciation-Equipment

$20,000

Wages Expense

$54,000

Accounts Payable

$16,657

Interest Expense

$600

Wages Payable

$6,000

Depreciation Expense

$10,000

Interest Payable

$250

Rent Expense

$4,000

Notes Payable

$10,000

Dividends

$75

The Inventory account balance as of 12/1/2020 was $18,932. How much inventory did Gillyweeds purchase during the month of December 2020?

Group of answer choices

$124,637

$136,300

$119,643

$40,361

$2,497

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