Cornerstone Exercise 11-24 (Algorithmic) (Appendix 11A) Cash Payments to Suppliers

Blackmon Company reported net income of $805,000 and cost of goods sold of $1,525,000 on its 2019 income statement. In addition, Blackmon reported an increase in inventory of $65,100, a decrease in prepaid insurance of $12,800, and a decrease in accounts payable of $56,790.

Required:

Compute the amount of cash payments to suppliers using the direct method.