Valley Company's adjusted trial balance on August 31, 2015, its fiscal year-end, follows. Credit Debit $ 35,000 140,000 $ 40,425 116,611 8,000 239,400 Merchandise inventory Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense--Office space Office supplies expense 3,663 15,800 92,945 32,798 11,252 2,873 20,349 29.925 2,873 958 Totals $396,436 $396,436 On August 31, 2014, merchandise inventory was $28,245. Supplementary records of merchandising activities for the year ended August 31, 2015, reveal the following itemized costs. On August 31, 2014, merchandise inventory was $28,245. Supplementary records of merchandising activities for the year ended August 31, 2015, reveal the following itemized costs. 102,900 Invoice cost of merchandise purchases Purchase discounts received Purchase returns and allowances Costs of transportation in 2,161 4,939 3,900 2. Compute the colpany's total cost of merchandise purchased for the year. Total cost of merchandise purchased