Porches, Inc. sells lawn furniture. Selected financial information for the most recent year follows.

Beginning merchandise inventory on January 1 was

$33,800.

Ending merchandise inventory on December 31 was

$35,700.

Purchases during the year were

$92,200.

Selling and administrative expenses were

$75,100.

Sales for year were

$262,600.

What was cost of goods sold?

A) 90,300

B) 94,100

C) 95,300

D) 161,700