Question - Company's 2014 income statement reported cost of goods sold as $135,000. Additional information is as follows:
December 31, 2014
Inventory $30,000
Accounts Payable $13,000
December 31, 2013
Inventory $22,500
Accounts Payable $19,500
If Company uses the DIRECT METHOD, what amount should Company report as cash paid to suppliers in its 2014 statement of cash flows?