A company that uses the periodic inventory system provided the following information 1. Beginning inventory $4,000 2. Purchases $120,000 3. Purchase discounts $2,200 4. Purchase returns and allowances $700 At the end of the period, the company does an inventory count and finds $17,000 worth of inventory on hand. What is the amount of cost of goods sold? O A. $104,100 O B. $138,100 OC. $117,100 O D. $121,100