Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Skipped Cost of goods sold Merchandise inventory, January 1 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 $610,000 96,000 119,000 90,000 71,000 Multiple Choice $633,000. $629,000. $568,000. $706,000. $652,000