Use the following information about the current year's operations of a company to calculate the cash paid for merchandise 5 Coat 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 025158 00 Multiple Choice $755,800 $755700 $762100 $767.900