Last year Anderson Corporation reported a cost of goods sold of $103,000. The company's inventory at the beginning of the year was $11,600, and its Inventory at the end of the year was $19,900. The prepaid expense account increased by $2,300 between the beginning and end of the year, and the accounts payable account decreased by $4,300. Cost of goods sold adjusted to the cash basis under the direct method would be: Multiple Choice $96.400 $109,600 O $115 600 5113.600