The following information is available for Excelsior Corp for 2020:

Payment for goods during year		$104,000
Accounts payable, beginning		14,000
Inventory, beginning		28,000
Accounts payable, ending		12,600
Inventory, ending		16,200

Cost of goods sold for 2020 is

$102,600.

$105,400.

$114,400.

$132,000.