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The Richburn Manufacturing Company increased its merchandise inventory by $7,000 over the year. The company also granted its customers more liberal credit terms which increased

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The Richburn Manufacturing Company increased its merchandise inventory by $7,000 over the year. The company also granted its customers more liberal credit terms which increased the accounts receivable by $27,500. Sales were $965,000 and the accounts payable decreased by $17,500. The gross profit on sales is 45%. Marketing and administrative expenses were $135,000; this included depreciation expense of $3,000. What were the cash disbursements for the year? Multiple Choice $250.250. $566,250 $555,250, $687,250

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