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Duke Enterprises reports an increase in Accounts Receivable of $50,000, an increase in Accounts Payable of $12,000 and a decrease in inventory of $30,000 for

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Duke Enterprises reports an increase in Accounts Receivable of $50,000, an increase in Accounts Payable of $12,000 and a decrease in inventory of $30,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $625,000 and cost of goods sold was $390,000. The total cash paid to suppliers for the period was

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