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) $1,260,000 Accounts payable at December 31: Vendor Terms Amount Baker Company 2%, 10 days, net 30 $ 267,000 Charlie Company Net 30 212,000 Dolly Company Net 30 302,000 Eagler Company Net 30 227,000 Full Company Net 30 Greg Company Net 30 Accounts payable, December 31 $ 1,008,000 Sales for the year $ 9,050,000 Additional Information: Parts held by Reagan on consignment from Charlie, amounting to $160,000, were included in the physical count of goods