Last year Anderson Corporation reported a cost of goods sold of $117,000. The company's inventory at the beginning of the year was $14,400, and its inventory at the end of the year was $24,100. The prepaid expense account increased by $3,700 between the beginning and end of the year, and the accounts payable account decreased by $5,700. Cost of goods sold adjusted to the cash basis under the direct method would be: Multiple Choice $107,600 $126,400 $132,400 $130,400