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P3.7 Dilip operates a holding company and has three small subsidiaries under its control. Selected data are provided for the three businesses below: Subsidiary Sales$200,000

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P3.7 Dilip operates a holding company and has three small subsidiaries under its control. Selected data are provided for the three businesses below: Subsidiary Sales$200,000 $200,000 $200,000 115,000 115,000 115,000 Cost of Goods Sold Increase (decrease) in: Accounts receivable 35,000 (20,000) 40,000 Accounts payable 25,00040,000 (30,000) (10,000) 20,000 (20,000) Inventory Required: From the data presented for the three subsidiaries and assuming that accounts payable account relates to the purchase of goods for resale, calculate the cash paid to the suppliers for inventory

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