The following information is available for All Sport Company:

Cost of goods sold	$545,000
Merchandise Inventory, 12/31/17	$105,000
Merchandise inventory, 12/31/18	$112,000
Accounts payable, 12/31/17	$98,500
Accounts payable, 12/31/18	$101,300

What amount was paid for merchandise during 2018?

A) $545,000

B) $549,200

C) $554, 800

D) $540,800