The following information pertains to Bright Toy Company's operating activities for 2012. The company is a merchandising company that sells light box toys and sold 10,000 units in 2012.

Purchases	$120,000
Selling and Administrative Expenses	90,000
Merchandise inventory, 1/1/2012	14,000
Merchandise inventory, 12/31/2012	10,000
Sales Revenue	250,000

What is the cost of goods sold for 2012?

Group of answer choices

$104,000

$124,000

$130,000

$140,000