Reagan Corporation is a wholesale distributor of truck replacement parts. Initial amounts taken from Reagan's records are as follows Inventory at December 31 (based on a physical count of goods in Reagan's warehouse on December 31)$1,330,000 Accounts payable at December 31 Vendor Baker Company Charlie Company Dolly Company Eagler Company Full Company Greg Company Terms 296, 10 days, net 30 Net 30 Net 30 Net 30 Net 30 Net 30 Amount $ 281,000 226,000 316,000 241,000 Accounts payable, December 31 $1,064,000 Sales for the year $9,400,000