A company's Inventory balance decreased by $18,000 during the year. Its Accounts Payable balance decreased by $6,000, and its cost of goods sold for the year was $340,000. The company's total amount of cash payments for merchandise during the year equals:
A. $316,000.
B. $340,000.
C. $358,000.
D. $328,000.
E. $364,000.
Answer: D
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