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Nash Corporation had January 1 and December 31 balances as follows. 1/1/20 12/31/20 Inventory $114,000 $128,000 Accounts payable 63,000 72,000 For 2020, cost of goods
Nash Corporation had January 1 and December 31 balances as follows.
| 1/1/20 | 12/31/20 | |||
| Inventory | $114,000 | $128,000 | ||
| Accounts payable | 63,000 | 72,000 |
For 2020, cost of goods sold was $583,000. Compute Nashs 2020 cash payments to suppliers.
| Cash payments to suppliers |
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