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Coronado Industries prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Coronado Industries reports
Coronado Industries prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Coronado Industries reports the following activity:
Sales on account | $2000000 |
Cash sales | 1116000 |
Decrease in accounts receivable | 911000 |
Increase in accounts payable | 110000 |
Increase in inventory | 70000 |
Cost of goods sold | 1573000 |
What is the amount of cash payments to suppliers reported by Coronado Industries for the year ended December 31, 2018?
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