Cold&Flu Corp. reported the following information for 2016 and 2017. O=Inventory is not reported as there was no change in its balance on 30 June 2017 relative to 30 June 2016.

Accounts payable, 30 June 2016 $95,000

Accounts payable, 30 June 2017 $75,000

Cost of goods sold in the financial year of 2017 was $395,000

How much cash was paid for inventory during the 2017 financial year?

a) $390,000

b) 415,000

c) $365,000

d) $375,000