Presented below is the income statement of Nicklaus, Inc.:

Sales $475,000

Cost of goods sold 280,000

Gross profit 195,000

Operating expenses 89,000

Income before income taxes 106,000

Income taxes 42,000

Net Income $64,000

In addition, the following information related to net changes in working capital accounts is presented:

	Increase	Decrease
Cash	$15,000
Trade accounts receivable (net)		$8,400
Inventories	16,200
Salaries payable (operating)	6,000
Trade accounts payable	11,000

The company also indicates that depreciation expense for the year was $14,200.

Cash paid to suppliers is:

Select one:

a. $252,800

b. $274,800

c. $307,200

d. $280,800

e. $285,200