Is this correct?

Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year Utilities for the store $ 10,200 Sales commissions 10,100 Sales revenue 164,700 Purchases of merchandise 85,700 January 1 inventory 27,800 Rent for store 13,600 December 31 inventory 23,600 What is cost of goods sold? O A. $113,500 OB. $89,900 OC. $109,300 OD. $85,700