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The following information is available for Waterway Industries for 2020: Disbursements for purchases $1556000 Increase in trade accounts payable 98000 Decrease in merchandise inventory 38000

The following information is available for Waterway Industries for 2020:

Disbursements for purchases $1556000
Increase in trade accounts payable 98000
Decrease in merchandise inventory 38000

Cost of goods sold for 2020 was

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