Selected balance sheet information for the Wolf Company at November 30, and December 31, 2007, is presented below. The company uses the perpetual inventory system and all salesto customers are made on credit. Selected income statement information for the Wolf Company for the month ended at December 31, 2007 is as follows: Sales revenue $93,000 Cost of goods sold 74,000 Insurance expense 4, 500 Wage expense 7,000 The amount of cash paid for inventories is: $75,000. $74,000. $73,000. $70,000