The cost of merchandise sold for Kohl's Corporation for a recent year was $12,265 million. The balance

Question:

The cost of merchandise sold for Kohl's for a recent year was $12,265 million. The showed the following current account balances (in millions):
Balance, End of Year Balance, Beginning of Year
Merchandise inventories.................$4,038..............................................$3,814
Accounts payable..........................1,251.................................................1,511
Determine the amount of cash payments for merchandise.
Balance Sheet
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