X Company is a merchandiser. It incurred the following costs in 2019:

Insurance costs			$29,260
Warehouse costs			35,894
Utility costs			22,703
Supply costs			13,504
Advertising costs			16,183
Equipment rental			18,932
Merchandise purchases			85,045
Employee salaries			16,937
Miscellaneous operating costs			19,896

The Merchandise Inventory account had a January 1 balance of $42,154 and a December 31 balance of $16,608. What was Cost of Goods Sold in 2019?

A: $80,788

B: $94,522

C: $110,591

D: $129,391

E: $151,388

F: $177,124