Inventory on January 1 and December 31 is $50,000 and $35,000, respectively. Accounts payable on January 1 and December 31 are $25,000 and $29,000, respectively. During the year, cost of goods sold is $180,000. How much are the current year's cash payments to suppliers of inventory?

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The Answer of Inventory on January 1 and December 31 is $50,000 and $35,000, respectively. Accounts payable on January 1 and December 31 are $25,000 and $29,000, respectively. During the year, cost of goods sold is $180,000. How much are the current year's cash payments to suppliers of inventory?

Inventory on January 1 and December 31 Is $50,000 and $35,000