Hanson Company reports a $341,980 increase in inventory and a $10,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $1,250,000. Assume that all inventory was bought on account. The cash payments made to suppliers were: Select one: a. $918,020 b. $1,250,000 c. $898,020 d. $1,581,980