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Comparative financial statements for Star Company are shown below : Star Company Balance Sheets December 31, 2 2017 and 2018 Assets 20172018 Current assets :
Comparative financial statements for Star Company are shown below : Star Company Balance Sheets December 31, 2 2017 and 2018 Assets 20172018 Current assets : Cash $18,000 $15,000 Accounts receivable 25,000 22,000 Inventory 22,000 20.000 Prepaid expenses 10.000 Total current assets $75,000 $71.000 Long -term investments 25,000 7,000 Property , plant , and equipment Less : Accumulated depreciation 80,000 77, 0 64.000 61.000 Net property , plant , and equipment 16.000 Total assets $116,000 $94.000
Liabilities and Stockholders ' Equity Current liabilities: Accounts payable Accrued liabilities $8,000$ 5,000 6,400 15.000 $23,000 Total current Liabilties $11,400 22,00016,000 Bonds payable Less : Discount on B / P 4,0003,000 Deferred income tax liability 15.000 4.000 Total liabilities $56.000 $28,400 Stockholders ' equity : 16,000 24,000 4,0006,000 Common stock Paid-in capital Retained earnings Total stockholders ' equity Total liabilities and stockholders ' equity 40.000 35.600 60.000 $116.000 $94.000 Star Company Income Statement For the Year Ended December 31, 2018 Sales $77,000 Cost of goods sold 40.000 $ 37,000 Gross margin 20.000 $ 17,000 Operating expenses Net operating income Loss on sale equipment 4,000 Interest expense I 7,000 $6,000 Income before taxes Income tax expense 2.400 $ 3,600 Net income Additional data on activities during 2018 are as follows : Operating Expenses included depreciation expense in the amount of \$5,000 During 2018 , Star Company sold used equipment for $3,000 that had a cost of $ 15,000 with accumulated depreciation $ 8,000 . New equipment was purchased for $ 12,000 cash Cash dividends totaling $ 8,000 were paid . What is the amount of cash paid to suppliers ? Select one: a. 41,000 b $35,000 45,000 d . $39.000
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