Reference no: EM13484516

The following selected account balances were taken from Buckeye Company's general ledger at

January 1, 2005 and December 31, 2005:

January 1, 2005       December 31, 2005
  Inventory                  52,000               49,000
  Accounts payable      40,000               71,000
  Salaries payable        3,000                 9,000
  Investments              68,000               75,000
  Accounts receivable    83,000              56,000
  Land                           58,000               88,000
  Mortgage payable      120,000             95,000
  Common stock           100,000              180,000
  Retained earnings      22,000               35,000

The following information was taken from Buckeye Company's 2005 income statement:
Sales revenue                   $420,000
Cost of goods sold            300,000
Salaries expense               94,000
Net income                         $ 26,000

Calculate the amount of cash paid to suppliers for purchases of inventory during 2005. Do not use decimals in your answer.