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Using the following information, compute cash paid for inventory purchases . Write the dollar amount of your answer. (Do not write the dollar sign.) Note:

Using the following information, compute cash paid for inventory purchases. Write the dollar amount of your answer. (Do not write the dollar sign.) Note: All accounts payable relate to inventory purchases.

Sales $10,000

Cost of goods sold 5,300

Operating expenses 3,800

End of Year Beginning of Year

Prepaid operating expenses $1,000 $700

Accounts payable 1,350 1,200

Inventory 2,500 2,100

Accounts receivable 1,400 1,375

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