Gbane Company The following information is from Gbane Company's accounting records for the year ended December 31: Purchases Transportation-in Inventory, January 1 Inventory, December 31 Purchase Returns and Alowances $218,400 13,200 31,800 34,560 10,080 Refer to the information provided for Gbane Company. How much will the company report as net purchases for the year ended December 31? Oa. $231,600 Ob. $241,680 Oc $253,320 Od. $221,520