Question: Jump Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2019: Cost of Goods Sold,

Jump Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2019:

Cost of Goods Sold, $151,000

Merchandise Inventory, beginning balance, $30,000

Merchandise Inventory, ending balance, $65,000

Accounts Payable, beginning balance, $8,000

Accounts Payable, ending balance, 5,300

Operating expenses, $28,000

Accrued Liabilities, beginning balance, $2,900

Accrued Liabilities, ending balance, $6,500

Use the direct method to compute the cash paid to suppliers. (Accrued Liabilities relate to operating expenses.)

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