The cost of goods sold during the year was $90,000. Additional information is provided below: Janua 1 December 31 Accounts payable $15,000 $10,000 Inventory $20,000 $60,000 What was the amount of cash paid to suppliers for purchases of inventory? A. $ 75,000 E. $ 85,000 (3. $ 95,000 D. $125,000 E. $155,000 On August 15, 2010, Hobson Company paid $980,000 to purchase 12% of the outstanding stock of Jacob Company. In its 2010 income statement, Hobson reported an unrealized loss of $13,000 related to this investment. The market value of the investment in Jacob Company at December 31, 2011 was $926,000. The unrealized loss that Hobson should include in its 2011 income statement related to its investment in Jacob Company would be equal to: A. $41,000 B. $23,000 (3. $0 D. $13,000 E. $54,000