Murray Motors had the following results in January.

January purchases of inventory. 67,300

Cost of goods sold during January... 82,100

Sales Revenue during January.175,000

Inventory balance, January 31. 36,800

Based on this information, what must have been the balance in inventory on January 1 (the beginning of the period)? (Hint remember Beginning Inventory + Purchases = COGAS = COGS + Ending Inventory)

A. 107000 B. 12000 C. 82100 D. 51600