Question: Use the following information about the current year's operations of a company to calculate the cash paid for merchandise Cost of goods sold Merchandise inventory,

Use the following information about the current year's operations of a

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 $845,000 106,700 102,200 67,700 75,600

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