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Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 9,500 Sales commissions

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Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year: Utilities for the store $ 9,500 Sales commissions 10,300 Sales revenue 164,600 Purchases of merchandise 86,000 January 1 inventory 27,600 Rent for store 13,500 December 31 inventory 23,700 What is cost of goods sold? O A. $113,600 O B. $86,000 OC. $109,700 OD. $89,900

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