During the financial year, Huang Limited has a Cost of Goods Sold amounting to $294,000. Opening balances were: Inventory $36,000; Accounts Payable $28, 000. Closing balances were: Inventory $45,000; Accounts Payable $26,000. A discount of $1,000 for prompt payment was received. The amount of cash paid for goods purchased during the year was: Select one: a. $286,000 O b. $300,000 c. $304,000 O d. $306,000