COTB MC Qu, 15-57 (Algo) Assume a merchandlsing company had... Assume a merchandising company had credit sales of $380,000, cost of goods sold of $194,000, and net income of $60,000. it provided the following excerpts from its balance sheet: If the compary purchases its merchandise inventory on occount, then based solely on the information provided, the company's cash paid for inventory purchoses would be: Multiple Choice $196.000 $192.000 $202.000 $136,000