Question 9 4 pts ABC Corp. had the following balances in inventory and accounts payable for 2019 Jan 1 Inventory $14,000 DR Jan 1 Accounts Payable $22,000 CR Dec 31 Inventory $18,000 DR Dec 31 Accounts Payable $20,500 CR In addition for 2019 ABC's inventory purchases totaled $224,000 and COGS was $220,000. Determine how much cash was paid for inventory purchases during the year $221.500 $220,000 $224,000 $225,500 Next Previous