Last year, Violet Company reported cost of goods sold of $120,000. Inventories decreased by $34,000 during the year, and accounts payable increased by $30,000. The company uses the direct method to determine net cash flow from operating activities on the statement of cash flows. The cost of goods sold adjusted to a cash basis would be:

a.$79,000.

b.$56,000.

c.$93,000.

d.$120,000.