Red Wings, Inc. maintains their accounting records on a cash basis. The following information is provided for 2017: 5 100 5 2 Increase in Inventory from 1/1 to 12/31 Cash Collected from Customers 12/31 Accounts Receivable 12/31 Accounts Payable Cash paid to vendors 1/1 Accounts Payable 1/1 Accounts Receivable 1/1 Prepaid Insurance Cash Paid for Wages and Insurance 12/31 Prepaid Insurance w VOGE Accrual-basis 2017 Cost of Goods Sold is: Select one: O a. $62 O b. $57 O c. $52 O d. $69 O e. $63