Computing Cash Paid to Supplier-Direct Method Park Place Company reported cost of goods sold of $140,000 for the year 2020. Park Place also reported the following amounts on its balance sheets. Jan. 1, 2020 Dec. 31, 2020 Inventory Accounts payable $25,000 15,000 $27,500 14,500 What amount would be reported as cash paid to suppliers in the operating activities section of the statement of cash flows using the direct method? Note: Do not use a negative sign with your answer. S