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Giant is a national grocery chain. During 2021, the company purchased $3,551,723 of inventory, all on account. The following accounts reflect information contained in
Giant is a national grocery chain. During 2021, the company purchased $3,551,723 of inventory, all on account. The following accounts reflect information contained in the company's 2021 and 2020 balance sheets. Selected Balance Sheet Data in thousands Inventories Accounts payable June 31, 2021 June 31, 2020 $ 172,481 110,685 $ 160,987 115,492 During its year ending June 31, 2021, Giant recorded cost of goods sold for the year ended June 31, 2021 of $3,540,229. What amount of cash did Giant pay to its suppliers during its year ending June 31, 2021?
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