During the current year, purchases of inventory was: $150,000$144,500$161,500$159,500

Account Balances Cost of Goods Sold Merchandise Inventory Prior Year End $ 160,000 $ 34,400 Current Yea r-End $ 152,000 $ 41,900 During the current year, purchases of inventory was: o $150,000 O $144,500 o $161,500 o $159,500