Compute marigold cash payments to suppliers

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Marigold Corporation had January 1 and December 31 balances as follows.

                                 1/1/20              12/31/20

Inventory           $112,000               $133,000
Accounts payable   55,000              64,000

For 2020, cost of goods sold was $592,000.

Problem 1: Compute Marigold's 2020 cash payments to suppliers.

Reference no: EM132697879

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