How much cash was spent on inventory?

Include work

Given the following information answer the questions. In order to save time, the increases () and decreases (D) are given in the balance sheet. Income Statement for the Year ending 12/31/X2 Sales revenue Service revenue $14,250 3.400 Total Revenue Operating Expenses $17,650 COGS 7,200 3,900 SG&A Total Operating Expenses Operating Income Interest Expense Income before Income Tax Income Tax Expense Net Income 11.100 6,550 200 6,350 2.500 S 3,850 Balance Sheet (Change in accounts) I = Increase; D-Decrease Change Change Assets: Cash A/R Inventory Prepaid rent PP&E Accum Depr s 5,150 (T) 300 (I) 1,000 () 150 (D) 2,500 () 600 (I) Liabilities & Equity: A/P Interest payable Unearned revenue Income tax payable Bond Payable (LT) Common Stock Retained Earnings s 300 (T) 100 (I) 200 (I) 250 (D) 5,000 (I) no change 2,850 () Additional Information: A. Beginning balance of PP&E was $12,000. B. PP&E costing $4,000 was purchased. C. PP&E with a book value of $500 was sold for $500. D. Depreciation expense was booked to SG&A