The cost of goods sold during the year was $49,921. Merchandise inventories were $12,252 and $8,098 at the beginning and end of the year, respectively. Accounts payable (all owed to merchandise suppliers) were $7,610 and $3,369 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, find the total cash payments for merchandise. Select the correct answer. $49,921 $41,526 $50,008 $7,610