On its statement of cash flows, what amount should Khmer show for its cost of goods sold adjusted to...

Khmer, Inc. had cost of goods sold of $114,000 for the just completed year. Shown below are the beginning and ending balances of various Khmer accounts:

Â	Ending	Beginning
Cash	$60,000	$47,000
Accounts receivable	$86,000	$96,000
Inventory	$47,000	$54,000
Accounts payable	$29,000	$13,000
Retained earnings	$82,000	$5,000

Khmer prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Khmer show for its cost of goods sold adjusted to a cash basis (i.e., cash paid to suppliers)?

A) $91,000

B) $123,000

C) $137,000

D) $147,000