ome Supplies, Inc., which uses a periodic inventory system, shows the following on December 31, 2016. Purchase Discounts $ 22,400 Freight-in 31,200 Purchases 840,040 Beginning Inventory 134,000 Ending Inventory 115,200 Purchase Returns 25,600 The cost of goods sold for the year 2016 is: Select one: A. $842,040 B. $838,040 C. $762,040 D. $795,640