Small Company reported cost of goods sold of $179,000 on its 2012 income statement. The company's beginning

Question:

Small Company reported cost of goods sold of $179,000 on its 2012 income statement. The company's beginning inventory was $35,000. The ending inventory was valued at $40,000. The Accounts Payable balance at January 1 was $25,000. The December 31 balance in Accounts Payable was $22,000.
Instructions
Compute cash payments to suppliers.

Fantastic news! We've Found the answer you've been seeking!