Paper Clip Company sells office supplies. The following information summarizes thecompany's operating activities for theyear:

Utilities for the store $10,300

Sales commissions $10,000

Sales revenue $164,200

Purchases of merchandise $85,700

January 1 inventory $27,300

Rent for store $14,400

December 31 inventory $23,000

What is cost of goodssold?

A. $108,700

B. $90,000

C. $85,700

D. $113,000