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Reliable Appliance made the following purchases of inventory on account during September, October and November: $100,000, $120,000 and $128,000 respectively. Reliable pays 40% of purchases

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Reliable Appliance made the following purchases of inventory on account during September, October and November: $100,000, $120,000 and $128,000 respectively. Reliable pays 40% of purchases in the month of purchase and takes 2% discount and pays the remainder in the month following the purchase. Monthly operating expenses for October were $38,000 and included $3,000 for depreciation. What were the total cash payments made in October? $146,000 $143,000 $142,040 $145,040

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