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)	$	1,340,000

Accounts payable at December 31:

Vendor	Terms	Amount
Baker Company	3%, 10 days, net 30	$	283,000
Charlie Company	Net 30		228,000
Dolly Company	Net 30		318,000
Eagler Company	Net 30		243,000
Full Company	Net 30