The Activity of Sterling Company for the Month of April

Multiple Choice

The activity of Sterling Company for the month of April is presented below:
$\begin{array} { l } \text { Cost of goods sold}&\$ 62,000\\ \text {Cash purchases of inventory }&\$25,000 \\ \text {Credit purchases of inventory }&\$50,000 \\ \text {Cash paid for credit purchase of inventory }&\$22,000 \\ \text { Cash dividend paid}&\$7,000 \\ \text { Wages earned and paid}&\$14,000 \\ \text {Wages earned and unpaid }&\$ 2,000\\ \text { Rent paid for April, May and June}&\$6,000 \\\end{array}$

Using the accrual basis of accounting,the total expenses for Sterling Company for the month of April is ________.

A) $62,000
B) $78,000
C) $80,000
D) $86,000