Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$560,000? Merchandise inventory, January 1 91,000? Merchandise inventory, December 31 109,000? Accounts payable, January 1 80,000? Accounts payable, December 31 66,000?
A. $574,000.
B. $592,000.
C. $578,000.
D. $528,000.
E. $651,000.
Answer: B
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