Question: During the year, ABC Inc. reported an increase in Inventory of $10,250. Cost of goods sold for the year was $60,000, and there was an

During the year, ABC Inc. reported an increase in Inventory of $10,250. Cost of goods sold for the year was $60,000, and there was an $3,750 decrease in accounts payable.

Required 1: What were the cash payments to suppliers during the year?

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