Question: Partial balance sheets and additional information are listed below for Monaco Company. Monaco Company Partial Balance Sheets as of December 31 Assets 2021 2020 CASH

Partial balance sheets and additional information are listed below for Monaco Company.

Monaco Company

Partial Balance Sheets

as of December 31

Assets 2021 2020

CASH $40,000 $20,000

accounts receivable 60,000 90,000

inventory 25,000 40,000

liabilities

accounts payable $60,000 72,000

Additional information for 2021:

Net Income was $270,000.

Depreciation expense was $30,000.

Sales totaled $800,000.

Cost of goods sold totaled $305,000.

what is the amount of cash paid to merchandise suppliers during 2021:

A. $302,000

B. $300,000

C. $317,000

D. $308,000

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