Northwest Fur Co. started the year with $97,000 of merchandise inventory on hand. During the year, $435,000 in merchandise was purchased on account with credit terms of 115, n/45. All discounts were taken. Northwest paid freight-in charges of $7,000. Merchandise with an invoice amount of $4,100 was returned for credit. Cost of goods sold for the year was $374,000. What is ending inventory? $61,000 O $163,586. $156,591