Level Up reported the following information for 2016 and 2017:

Accounts payable, 31 December 2016 $60 000

Accounts payable, 31 December 2017 $80 000

Inventory, 31 December 2016 $60 000

Inventory, 31 December 2017 $150 000

Cost of goods sold2017 $1 000 000

Assume that all merchandise purchases are on account. How much cash was paid to suppliers for inventory purchases during 2017?

		$1 070 000
		$1 000 000
		$1 085 000
		$1 115 000