Black Hawks Inc. maintains accounting records on a cash basis. The following information is provided for 2018: Cost of Goods Sold for 2018 is:

Select one:

a. $62

b. $63

c. $58

d. $57

e. $56

Increase in Wages Payable from 1/1 to 12/31 Cash Collected from Customers 12/31 Accounts Receivable 1/1 Accounts Payable Cash paid to vendors 12/31 Accounts Payable 1/1 Accounts Receivable 12/31 Prepaid Expenses Cash Paid for Expenses 1/1 Prepaid Expenses Increase in Inventory from 1/1 to 12/31