Use the following information about the current year's operations of a company to calculate the cash paid for merchandise Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 $226,000 54,800 57,400 54,400 59,800 Multiple Choice 598.000 5723200 Saved $218.000 $223,200 $220,000 $228 800 $234.000