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Sage Hilinc; operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a

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Sage Hilinc; operates a retail operation that purchases and sells snowmobiles, among other outdoor products. The company purchases all inventory on credit and uses a periodic imventory system. The Accounts Payable account is used for recording inventory purchases only; all other current liabilities are accrued in separate accounts. You are provided with the following selected information for the fiscal years 2023 through 2026 , inclusive. Net income (b) Balance Sheet Data Iiventory $13,600 (c) $15,600 Accounts payable 6.100 6,800 4,900 Additional Information Purchases of inventory on account $27,390 5 (g) Cashpayments to suppliers (d) (iv)

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