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Northern Lights Company's cost of goods sold for the calendar year 20-B amounted to $540,000. The beginning and ending balances of Merchandise Inventory and Accounts

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Northern Lights Company's cost of goods sold for the calendar year 20-B amounted to $540,000. The beginning and ending balances of Merchandise Inventory and Accounts Payable were as follows: Dec. 31 Dec. 31 20-3 20-A Merchandise Inventory $83,000 $79,000 Accounts Payable 33,000 30,000 Compute the amount of cash paid for merchandise in 20-B

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