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Our Taylor Inc. reported credit sales of $2,500,000 for 2021. Cost of goods sold was $900,000. The following additional information is available from the company's

Our Taylor Inc. reported credit sales of $2,500,000 for 2021. Cost of goods sold was $900,000. The following additional information is available from the company's records: Accounts receivable Inventory Accounts payable December 31, 2021 December 31, 2020 $40,000 80,000 25,000 $60,000 75,000 30,000 How much cash was paid for inventory in 2021

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