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2. Hupta Corporation reports cost of goods sold for the year ended December 31, 2000, of $6,500. Other information as of December 31 is as
2. Hupta Corporation reports cost of goods sold for the year ended December 31, 2000, of $6,500. Other information as of December 31 is as follows: ---1999--- Accounts Receivable: $500 Inventory: $400 Accounts Payable: $250 ---2000--- Accounts Receivable: $550 Inventory: $380 Accounts Payable: $290 Cash paid to suppliers for year ended December 31, 2000, is: A) $6,480 B) $6,440 C) $5,520 D) $6,560
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