Use information below to answer this question.

Capital: opening balance 307,000

closing balance 342,000

Net profit for the period 121,600

Opening stock 98,800

Purchases 706,000

Carriage inwards 17,500

Cost of goods sold 740,700

Total selling , general and

administration expenses 526,000

Discount received 9, 650

What is the closing stock for the period?

• A N 69,300
• B N81,300
• C N81,600
• D N106,400