Holmstrom Co. reported cost of goods sold of $345,000 for 2019. They also reported the following balance sheet information: The balance in inventory was $67,000 at December 31, 2019 and was $49,000 at December 31, 2018. The balance in accounts payable was $19,000 at December 31, 2019 and was $32,000 at December 31, 2018. Determine the amount of cash Holmstrom paid to suppliers during 2019.

$304,000

$340,000

$350,000

$376,000