Northern Lights Company's cost of goods sold for the calendar year 20-B amounted to $540,000. The beginning and ending balances of Merchandise Inventory and Accounts Payable were as follows:
Dec. 31,
20-B
Dec. 31, 20-
A
Merchandise Inventory
$83,000
$79,000
Accounts Payable
33,000
30,000
Required:
Compute the amount of cash paid for merchandise in 20-B.