Calculator Cost of goods sold reported on the income statement was $170,270. The accounts payable balance increased $6,260, and the inventory balance increased by $8,830 over the year. Determine the amount of cash paid for merchandise. Locator=&inprogress=false # Calculator Lamar Corporation purchased land for $145,000. Later in the year, the company sold land with a book value of $187,000 for $209,000. Show how the effects of these transactions are reported on the statement of cash flows using the Indirect method. Transaction