Question: Graham, Inc. Partial Comparative Balance Sheets December 31, 2018 2017 Assets: Current Assets: Cash Accounts Receivable (net) Merchandise Inventory $ 690,000 1,560,000 1,950,000 $ 540,000

Graham, Inc. Partial Comparative Balance Sheets December 31, 2018 2017 Assets: Current Assets: Cash Accounts Receivable (net) Merchandise Inventory $ 690,000 1,560,000 1,950,000 $ 540,000 1,080,000 1,260,000 Current Liabilities: Accounts Payable $1,275,000 $1,095,000 Net Credit Sales Cost of Goods Sold Partial Income Statements For the Year Ended December 31,2018 $7,020,000 4,095,000 Additional Information: Accounts receivable and accounts payable relate entirely to merchandise held for sale in the normal course of business. The allowance for bad debts was the same at the end of 2017 and 2018, and no receivables were charged against the allowance. Accounts payable are recorded net of any discount and are always paid within the discount period. What amount of cash was paid on accounts payable to suppliers during 2018? a. $4,605,000. b. $4,425,000. c. $4,095,000. d. $4,785,000
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