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A company's Inventory balance at the end of the year was $192,500 and $205,000 at the beginning of the year. Its Accounts Payable balance at
A company's Inventory balance at the end of the year was $192,500 and $205,000 at the beginning of the year. Its Accounts Payable balance at the end of the year was $89,000 and $84,500 at the beginning of the year, and its cost of goods sold for the year was $725,000.
The company's total amount of cash payments for merchandise during the year equals:
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