On January 1,2018 , Fireside Company purchased equipment for $210,000. Fireside uses straight-line depreciation and estimates an four-year useful life and a $10,000 salvage value. On December 31 , 2019 , Fireside sells the equipment for $160,000. In recording this sale, Fireside should reflect: A $6,000 loss A $24,000 loss A $12,000 loss A gain of $50,000 A gain of $12,000 Yuansha Co reported cost of goods sold of $2,600,000 for the 2019 year. During the year, inventory increased from a $138,000 beginning balance to a $210,000 ending balance, and accounts payable increased from a $72,000 beginning balance to a $84,000 ending balance. How much is the cash paid for merchandise purchased by Yuansha during the year? $2,472,000$2,556,000$2,340,000$2,460,000$2,660,000