During the year, A1 Mini-Mart's merchandise inventory decreased by $80,000. If the company's cost of goods sold for the year was $1,200,000, purchases were O $1,280,000. O $1,040,000. O $1,120,000. O Unable to determine.

During the year. A1 Mini-Mart's merchandise inventory decreased by $80,000. If the company's cost of goods sold for the year was $1,200,000, purchases were $1.280,000. 51.040 .000 $1,120,000 Uhable to determine