Given the following information, convert Cardinal Companys cost of goods sold from its income statement into payments

Question:

Given the following information, convert Cardinal Company’s cost of goods sold from its income statement into payments to suppliers for its statement of cash flows.
Cost of goods sold ............ $50,000
Increase in inventory .......... 23,000
Decrease in ........ 15,000

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...