Use This Information to Answer the Following Question The Amount of Net Sales on the Income Statement Would

Multiple Choice

Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows:
$$\begin{array} { l r } \text { Advertieing Esguense } & 14,000 \\\text { Common Stock } & 100,000 \\\text { Dividends } & 21,000 \\\text { Fraight-In } & 7,000 \\\text { Freight-Out Esgense } & 10,000 \\\text { Interest Income } & 24,000 \\\text { Merchandise Inventory (Jan. 1) } & 70,000 \\\text { Merchandise Inventory (Dec. 31) } & 56,000 \\\text { Purchases } & 60,000 \\\text { Purchases Returns and Allowances } & 4,000 \\\text { Rent Exgense } & 9,000 \\\text { Retained Earning } & 40,000 \\\text { Sales } & 150,000 \\\text { Sales Returns and Allowances } & 19,000 \\\text { Wages Engense } & 32,000\end{array}$$ The amount of net sales on the income statement would be

A) $169,000.
B) $144,000.
C) $131,000.
D) $137,000.