A company's Inventory balance at 12/31/16 was $197,900 and $211,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $95,000 and $89,900 at 12/31/15, and its cost of goods sold for 2016 was $731,000. The company's total amount of cash payments for merchandise in 2016 equals: $749,200. $731,000. $739,000. $723,000. $712,800.