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Glacier Corp, reported $680,000 of Cost of Goods Sold for the year. Glacier uses Accounts receivable exclusively for sales transactions and uses Accounts payable exclusively

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Glacier Corp, reported $680,000 of Cost of Goods Sold for the year. Glacier uses Accounts receivable exclusively for sales transactions and uses Accounts payable exclusively for transactions with inventory suppliers. Glacier reports the following balance sheet information: Inventory Accounts receivable Accounts payable Beginning balance S200,000 $80,000 $100,000 Ending balance S235,000 $92,000 $64,000 If the direct method was used, how much would be reported for "Cash paid for inventory" on the statement of cash flows? Numeric Response

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