X AND Z

STATEMENT OF INCOME AND EXPENSES

FOR THE YEAR ENDING DECEMBER 31, 2022

SALES $660,000

LESS COST OF SALES..................................(450,000)

GROSS PROFIT................................................ ..2 10,000

OPERATING EXPENSES..................($144,000)

INTEREST EXPENSE...................................(5,300)

PROFIT FROM EQUIPMENT SALE.....................1,000

Subtotal................................................. ..................148,300)

INCOME BEFORE TAXES............................................60,800

TAX EXPENDITURE..................................................... .....(18,360)

NET INCOME................................................ ................$42,440

EXCLUDING CASH, ALL CURRENT ACCOUNTS OF THE COMPANY ARE SUMMARIZED BELOW:

12/31/22 12/31/21 CHANGE

ACCOUNTS RECEIVABLE................................. $63,000 $72,000 ($9,000)

PROVISION FOR BAD ACCOUNTS 1000 700 300

INVENTORY 114,000 90,000 24,000

ACCOUNTS PAYABLE 24,000 42,000 ( 18,000)

INTEREST PAYABLE 2,500 1,000 1,500

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DISCOUNT ON BONDS PAYABLE.....................2,000..................2,300........... ....(300)

ADDITIONAL INFORMATION:

1, DURING THE YEAR THERE WAS NO ISSUE OR WITHDRAWAL OF BONDS PAYABLE.

2. AMONG THE OPERATIONAL EXPENSES ARE THE FOLLOWING:

DEPRECIATION EXPENSE.................................. $1,100

LOSS DUE TO IMPAIRMENT OF A TEAM 300

COMPENSATION EXPENSE WITH OPTIONS................. 600

How much cash did Manolito pay to inventory suppliers (cash paid to suppliers) during 2022?

Select one:

to. $444,000.

b. $492,000.

c. $408,000.

d. $456,000