A company's Inventory balance at the end of the year was $193,400 and $206,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was $90,000 and $85,400 at the beginning of the year, and its cost of goods sold for the year was $726,000. The company's total amount of cash payments for merchandise during the year equals:
A. $726,000.
B. $743,200.
C. $718,000.
D. $734,000.
E. $708,800.
Answer: E
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