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Cash Payments for MerchandiseDirect Method Cost of merchandise sold reported on the income statement was $655,200. The accounts payable balance decreased $53,100, and the inventory

Cash Payments for MerchandiseDirect Method Cost of merchandise sold reported on the income statement was $655,200. The accounts payable balance decreased $53,100, and the inventory balance increased by $68,000 over the year.

Determine the amount of cash paid for merchandise.

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