Mark reviewed the following expanded income statement to ensure that all accounts were accurate and up to date. $26.700 Cost of Goods Sold Beginning Inventory Add: Purchases Less: Purchase Discounts $11,000 $5,200 Purchase Returns and Allowances $675 $5,125 $2,000 $7.125 Net Purchases Freight-in Cost of Goods Purchased Goods Available for Sale Less: Ending Inventory Total Cost of Goods Sold $33,825 $13,000 Based on the portion of an expanded income statement below, the Total Cost of Goods Sold is a.) $20,825 b.) $26,700 c.) $47,525 d.) $46,825