Mark reviewed the following expanded income statement to ensure that all accounts were accurate and up to date.Cost of Goods SoldBeginning Inventory $26,700Add: Purchases $11,000 Less: Purchase Discounts $5,200 Purchase Returns and Allowances $675 Net Purchases $5,125 Freight-in $2,000 Cost of Goods Purchased $7,125 Goods Available for Sale $33,825Less: Ending Inventory $13,000Total Cost of Goods Sold Based on the portion of an expanded income statement above, the Total Cost of Goods Sold is__________.a.)$26,700b.)$47,525c.)$46,825d.)$20,825