Western Hardware Store uses a periodic inventory system and provides the following information about their trading stock. Opening stock $12,000 Purchases $57,000 Closing stock (cost) $9,000 Of the $9,000 of closing stock, $2,000 is past its "use-by" date and must be destroyed. What is the allowable deduction for the purchases and adjustments of trading stock that Western Hardware Store is entitled to for the year ended 30 June 2022?

Group of answer choices

a. $57,000

b. $62,000

c. $54,000

d. $60,000