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A company's cost of goods sold for the year was $720,000. Its Inventory balance was $200,000 at the beginning of the year and $188,000

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A company's cost of goods sold for the year was $720,000. Its Inventory balance was $200,000 at the beginning of the year and $188,000 at the end of the year. Its Accounts Payable balance was $80,000 at the beginning of the year and $84,000 at the end of the year. The company's total amount of cash paid for inventory during the year equals: Select one: O a. $720,000. O b. $704,000. O c. $736,000. O d. $728,000. O e. $712,000.

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