A company's Inventory balance at the end of the year was $203,300 and $217,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was $101,000 and $95,300 at the beginning of the year, and its cost of goods sold for the year was $737,000. The company's total amount of cash payments for merchandise during the year equals: Multiple Choice $729,000. $745,000. $756,400. $737,000. $717,600. Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 $ 245,000 73,800 74,500 71,500 78,800 Multiple Choice $251,600. $238,400. $245,000. $237,000. $253,000