The 2019 financial statements for Farmingdale Company show the following:

Cost of goods sold	$363,000
Inventory, Beginning Balance	$75,000
Inventory, Ending Balance	$78,000
Accounts Payable, Beginning Balance	$105,000
Accounts Payable, Ending Balance	$99,000

Cash paid for merchandise is:

Select one:

A. $366,000

B. $372,000

C. $354,000

D. $360,000