Last year Anderson Corporation reported a cost of goods sold of $114,000. The company's inventory at the beginning of the year was $13,800, and its inventory at the end of the year was $23,200. The prepaid expense account increased by $3,400 between the beginning and end of the year, and the accounts payable account decreased by $5,400. Cost of goods sold adjusted to the cash basis under the direct method would be: Multiple Choice $105,200 $122,800 $128,800 $126,800