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Novak Corporation had January 1 and December 31 balances as follows. Inventory Accounts payable 1/1/20 $72,000 63.000 12/31/20 $94,000 69,000 For 2020, cost of goods

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Novak Corporation had January 1 and December 31 balances as follows. Inventory Accounts payable 1/1/20 $72,000 63.000 12/31/20 $94,000 69,000 For 2020, cost of goods sold was $532.000. Compute Novak's 2020 cash payments to suppliers. Cash payments to suppliers $

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