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What amount of cash was paid for merchandise

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Question - The following information is available for Kringle Company. What amount of cash was paid for merchandise during 2018?

Cost of goods sold $535,000

Merchandise inventory, 12/31/17 95,000

Merchandise inventory, 12/31/18 132,000

Accounts Payable, 12/31/17 98,500

Accounts Payable, 12/31/18 99,300

a) $571,200

b) $572,800

c) $498,800

d) $535,000

Reference no: EM132189505

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