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4. Lowe's is the second-largest home improvement retailer in the world. During a recent fiscal year, Lowe's purchased merchandise inventory at a cost of $29,238

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4. Lowe's is the second-largest home improvement retailer in the world. During a recent fiscal year, Lowe's purchased merchandise inventory at a cost of $29,238 ($ millions). Assume that all purchases were made on account and that accounts payable is only used for inventory purchases. The following T-accounts reflect information contained in the company's balance sheets in millions. Merchandise Inventories Accounts Payable Beg. Bal. 5,911 2,695 Beg. Bal. End. Bal. 6,706 2,832 End. Bal. What amount did Lowe's pay in cash to its suppliers during the fiscal-year? a. $29,238 million . $29,101 million C. $137 million d. $2,832 million

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