Question 24 Alex Company prepares its statement of cash flows using the direct method for operating activities. Alex Company buys Intorsing cash sometimes and sometimes it buys on account Accounts payable is only used to capture purchases of Inventory on account, nothing else. For the year ended December 31, 2018, Alex Company reports the following activity Sales Reve $2.100.000 915.000 Increase in accounts payable Increase in inventory Cost of sold 72.000 1.575.000 Based on the information from Question 23. what is the amount of cash paid for inventory reported by Alex Company for the year ended December 31, 2018 51.755.000 $1611.000 $1.539 000 $1647,000