Intermediate accounting 14th edition The following information is available for Ace Company for 2010: Disbursements for purchases 1,050,000 Increase in trade accounts payable 75,000 Decrease in merchandise inventory 30,000 Cost of goods sold for 2010 was a. 1,155,000 b. 1,095,000 c. 1,005,000 d. 945,000