Question 7 of 10 Current Attempt in Progress * Your answer is incorrect. Waterway Corporation had January 1 and December 31 balances as follows. 1/1/20 > Inventory Accounts payable 63,000 $98,000 $116,000 12/31/20 Cash payments to suppliers 71,000 For 2020, cost of goods sold was $480,000. Compute Waterway's 2020 cash payments to suppliers. 488000

Waterway Corporation had January 1 and December 31 balances as follows. For 2020 , cost of goods sold was $480,000. Compute Waterway's 2020 cash payments to suppliers