Company S sells magnets for $8 each. With the following data regarding sales, how many magnets did Company S sell during the year before returns and allowances? Cost of Goods Sold | $600,000 Sales Discounts | $40,000 Sales Returns and Allowances | $18,000 Operating Expenses | $97,000 Net Income | $320,000

Select one:

a. 127,125

b. 119,875

c. 134,375

d. 94,375