Flounder Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory $90,000 $114,100...

 

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Flounder Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory $90,000 $114,100 Accounts payable 60,400 69,800 For 2023, the cost of goods sold was $559,000. Calculate Flounder's 2023 cash paid to suppliers of inventory. Flounder Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory $90,000 $114,100 Accounts payable 60,400 69,800 For 2023, the cost of goods sold was $559,000. Calculate Flounder's 2023 cash paid to suppliers of inventory.

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