Maya Company reports the following amounts for the year ending on December 31, 2004:

Merchandise Inventory, January 1, 2004 : $70,000 Cost of Transportation : $2,300

Invoice Cost of Merchandise Purchases : $195,000 Purchase Returns and Allowances: $4,650

Purchase Discounts Received: $3,500 Cost of Goods Sold: $158,700

Cost of merchandise returned by customers and restored to inventory: $17,300

Calculate the Merchandise Inventory, December 31, 2004.

A)	$117,750
B)	$83,150
C)	$45,150
D)	$113,150
E)	$129,450