Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. 81 Cost of goods sold Merchandise inventory, January 1 $780,000 93,700 Merchandise inventory, December 31 Accounts payable, January 1 Accounts payable, December 31 90,500 Skipped 59,900 66,500 Multiple Choice $776,800. $770,400. $770,200. $783,600