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) $ 1,440,000 Accounts payable at December 31: Vendor Terms Amount Baker Company 2%, 10 days, net 30 $ 303,000 Charlie Company Net 30 248,000 Dolly Company Net 30 338,000 Eagler Company Net 30 263,000 Full Company Net 30