Question 15 2 pts Richmond Company is a wholesale distributor that buys products from manufacturers and then sells to local retailers. The following information is from Richmond Company's financial statements for 2019 and 2020. The company only has credit sales 2020 2019 Sales Cost of goods sold Trade receivables Inventories 1,500,000 1,200,000 240,000 300,000 1,300,000 1,100,000 200,000 250,000 How much inventories did the company purchase in 2020? $1,200,000 $1,150,000 O $1,100,000 O $1,250,000