Kuma, Inc. had cost of goods sold of $106,000 for the just completed year. Shown below are the beginning and ending balances of various Kuma accounts:

	Ending			Beginning
Cash and cash equivalents	$	59,000		$	45,000
Accounts receivable	$	75,000		$	81,000
Inventory	$	36,000		$	42,000
Accounts payable	$	18,000		$	14,000
Retained earnings	$	79,000		$	64,000

Kuma prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Kuma show for its cost of goods sold adjusted to a cash basis (i.e., cash paid to suppliers)?

$100,000

$96,000

$102,000

$116,000