Use the following information in answering the following four questions.Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balance sheet data, the end-of-year information is in the left column.

Balance Sheet Data

20X2

20X1

Accounts Payable

65

95

Accounts Receivable

50

350

Accumulated Depreciation

420

339

Accumulated Other Comprehensive Income (credit balance)

85

0

Bonds Payable

1,000

1,250

Cash

500

100

Market Adjustment Investment Securities (debit balance)

85

0

Common Stock

1,330

700

Dividends Payable

25

40

Equipment

2,450

2,000

General Expenses Payable

150

78

Income Tax Payable

15

135

Inventory

720

890

Investment Securities Available for Sale

315

0

Premium on Bonds Payable

100

0

Retained Earnings (ending balance, after closing)

1,430

1,098

Treasury Stock

500

395

Income Statement Data (for 20X2)

Sales

10,000

Gain on Sale of PPE

300

Cost of Goods Sold

6,000

General Expenses

2,000

Depreciation Expense

330

Income Tax Expense

700

Total Expenses

9,030

Net Income

1,270

Additional Information:

1.Equipment with a book value of $305 was sold during 20X2.

2.All accounts payable relate to inventory purchases.

3.All purchases of Equipment were cash transactions.

4.All of Howard Bannister's investment securities are classified asavailable for sale. No securities were sold during 20X2. Note: The purchase of available-for-sale investment securities is classified as aninvesting activity.

5.Howard Bannister doesnothave any foreign subsidiaries!!! This is relevant to the computation of accumulated other comprehensive income.

6.No treasury stock was sold during the year 20X2. In fact, Howard Bannister has never sold any of its treasury stock.

1.

Compute the amount of Cash Paid for Inventory Purchases during 20X2.

$5,800

$5,860

$6,160

$5,830

$6,140

$6,200

$6,130