Given the following for the Whittier Company $4,000 Freight-Out 80,000 Sales Revenue Inventory, January 1 15,000 Inventory, December 31 12,000 Freight-In 6,000 Bad Debt Expense 2,000 Purchases 38,000 Purchase Returns and 1,500 Allowances Interest Revenue 5,000 Cost of Goods Sold is: Select one O a. $45,500 O b. $41,500 O c. $48,500 O d. $43,500 e. $50,500