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The financial statements of York, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivable $ 136,500 $ 120,750 Inventory $ 131,250

The financial statements of York, Inc., provide the following information for the current year:

Dec.31

Jan.1

Accounts receivable

$

136,500

$

120,750

Inventory

$

131,250

$

126,000

Prepaid expenses

$

33,600

$

31,500

Accounts payable (for merchandise)

$

118,650

$

110,775

Accrued expenses payable

$

33,075

$

36,225

Net sales

$

1,548,750

Cost of goods sold

$

813,750

Operating expenses (including depreciation of $47,250)

$

183,750

Compute the amount of cash payments for purchases of merchandise during the current year.

$813,750

$811,125

$819,000

$1,078,875

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