A company reported cost of goods sold of $1,760,000 for the year. During the year, inventory increased from a $92000 beginning balance to a $140,000 ending balance, and accounts payable increased from a $48,000 beginning balance to a $56,000 ending balance. How much is the cash paid for merchandise purchased during the year?

Select one:

A. $1,660,000

B. $1,808,000

C. $1,800,000

D. $1,704,000