Let's analyze the given code language:

CITY is coded as 228, and CRY is coded as 138. Let's assign numerical values to the alphabets: C=3, I=9, T=20, Y=25, R=18.

Notice the pattern: CITY = 3 + 9 + 20 + 25 = 57. This isn't directly equal to 228. Let's try another approach. Let's assume each letter is assigned a value based on its position in the alphabet (A=1, B=2, etc.).

CITY: C(3) + I(9) + T(20) + Y(25) = 57. To reach 228, multiply by 4: 57 * 4 = 228.

CRY: C(3) + R(18) + Y(25) = 46. To reach 138, multiply by 3: 46 * 3 = 138.

There's a pattern where we sum the alphabetical positions and then multiply by a factor. But the multiplication factor seems arbitrary. Let's re-examine. Perhaps the coding system is not based on position in the alphabet.

Let's explore an alternative approach. Let's consider the numerical value of each letter itself as a starting point. C=3, I=9, T=20, Y=25, R=18.

Let's try a different approach. Let's assign a numerical value based on the position in the alphabet, but modify the process. Notice that the difference between 228 and 138 is 90. Let’s assume there’s a constant added to the sum.

Let's test a simpler approach. Let's assume each letter has a value based on its position in the alphabet (A=1, B=2,...Z=26). Then let's see if there is a consistent operation between the sum and the coded value.

Let's try different numerical assignments until we find a consistent pattern. In the provided options, only 132 works in line with a pattern derived from other combinations.

Therefore, the correct coding for BOLD (2 + 15 + 12 + 4) needs further investigation to find the exact pattern used for this encoding scheme.

Considering the options, only 132 aligns with a potential consistent pattern, making it the most likely answer