Question: The question(s) below are based on the data shown related to the statement of cash flows for Putnam, Inc.: Putnam, Inc. Comparative Balance Sheets December

The question(s) below are based on the data shown related to the statement of cash flows for Putnam, Inc.:

Putnam, Inc. Comparative Balance Sheets December 31, 2015 2014

Assets: Current Assets: Cash $ 1,380,000 $1,080,000

Accounts Receivable (net) 3,120,000 2,160,000

Inventory 3,900,000 2,520,000

Prepaid Expenses 702,000 630,000

Total Current Assets 9,102,000 6,390,000

Long-Term Investments 450,000

Plant Assets: Property, Plant & Equipment 4,380,000 2,880,000

Accumulated Depreciation (900,000) (540,000)

Total Plant Assets 3,480,000 2,340,000

Total Assets $13,032,000 $8,730,000

Equities: Current Liabilities: Accounts Payable $ 2,550,000 $2,190,000

Accrued Expenses 618,000 564,000

Dividends Payable 402,000

Total Current Liabilities 3,570,000 2,754,000

Long-Term Notes Payable 1,650,000

Stockholders' Equity: Common Stock 6,000,000 4,800,000

Retained Earnings 1,812,000 1,176,000

Total Equities $13,032,000 $8,730,000

Putnam, Inc. Comparative Income Statements December 31, 2015 2014

Net Credit Sales $14,040,000 $7,506,000

Cost of Goods Sold 7,830,000 3,762,000

Gross Profit 6,210,000 3,744,000

Operating Expenses (including Income Tax) 5,172,000 2,748,000

Net Income $1,038,000 $ 996,000

Additional Information: a. Accounts receivable and accounts payable relate to merchandise held for sale in the normal course of business. The allowance for bad debts was the same at the end of 2015 and 2014, and no receivables were charged against the allowance. Accounts payable are recorded net of any discount and are always paid within the discount period. b. The proceeds from the note payable were used to finance the acquisition of property, plant, and equipment. Capital stock was sold to provide additional working capital.

What amount of cash was paid on accounts payable to suppliers during 2015?

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