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Bridgeport Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 3 1 , 2 0

Bridgeport Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31,2024, Bridgeport Company reports the following:
Sales on account $2030000
Cash sales $1104000
Decrease in accounts receivable $920000
Increase in accounts payable $109000
Increase in inventory $80000
Cost of goods sold $1570000
What amount of cash payments to suppliers will be reported by Bridgeport Company for the year ended December 31,2024?
Answer Choices:
$1381000
$1541000
$1599000

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