A company reported cost of goods sold of $440,000 for the year. During the year, inventory increased from a $23,000 beginning balance to a $35,000 ending balance, and accounts payable increased from a $12,000 beginning balance to a $14,000 ending balance. How much is the cash paid for merchandise purchased during the year? Answer A. $450,000 B. $452,000 C. $430,000 D. $426,000