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The following information was taken from the 2018 financial statements of Waterway Industries: Inventory, January 1, 2018 $ 177000 Inventory, December 31, 2018 242000 Accounts

The following information was taken from the 2018 financial statements of Waterway Industries:

Inventory, January 1, 2018 $ 177000
Inventory, December 31, 2018 242000
Accounts payable, January 1, 2018 157000
Accounts payable, December 31, 2018 234000
Sales revenue 1120000
Cost of goods sold 802000

If the direct method is used in the 2018 statement of cash flows, what amount should Waterway report as cash payments to suppliers?

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