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The following information was taken from the 2019 financial statements of Entrapment Corporation: Inventory - January 1, 2019 90,000 Inventory - December 31, 2019 120,000

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The following information was taken from the 2019 financial statements of Entrapment Corporation: Inventory - January 1, 2019 90,000 Inventory - December 31, 2019 120,000 Accounts payable - January 1, 2019 75,000 Accounts payable - December 31, 2019 120,000 Sales 600,000 Cost of goods sold 450,000 What amount should Entrapment Corporation report as cash payments to suppliers? The following balances were reported by Trample Company at December 31, 2016 and December 31, 2015: December 31, 2015 December 31, 2016 Inventory 290,000 260,000 Accounts payable 50,000 75,000 Trample paid suppliers P490,000 during the year ended December 31, 2016. What amount should Trample report for cost of goods sold in 2016

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