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Statement of Cash Flows Rotnest Limited has provided the following information: Cost of goods sold for the year $60 000 Purchases for the year (on

Statement of Cash Flows

Rotnest Limited has provided the following information:

Cost of goods sold for the year $60 000

Purchases for the year (on credit terms) $88 000

Discounts received for early payment to suppliers $2 200

Stock write-offs owing to water damage $5 000

Opening balance of trade creditors $44 000

Closing balance of trade creditors $38 500

Opening balance of inventory $10 000

Closing balance of inventory $25 000

Required: Determine the cash payments made to suppliers during the year. Ignore any GST implications..

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