Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. 2 Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 $765,000 90,700 87,800 58, 100 64,400 Multiple Choice $755,800 $755,700. $762,100. $767,900. $768,300