The following information relate to ABC company: Purchases Shs. 130,000 Selling and Administrative Expenses 30,000 Merchandise inventory, 1/1/2020 20,000 Merchandise inventory, 12/31/2020 25,000 Sales Revenue 200,000 What is the cost of goods sold for 2020? Select one: A. Shs. 150,000 B. Shs. 130,000 C. Shs.175,000 D. The following information relate to ABC company: Purchases Shs. 130,000 Selling and Administrative Expenses 30,000 Merchandise inventory, 1/1/2020 20,000 Merchandise inventory, 12/31/2020 25,000 Sales Revenue 200,000 of goods sold for 2020?