The Following Amounts Are Taken from Wellington Cabinets' Financial Statements

The following amounts are taken from Wellington Cabinets' financial statements: $\begin{array}{lrr}&2013&2014\\\text { Merchandise inventory } & \$ 600,000 & \$ 700,000 \\\text { Accounts payable } & 70,000 & 110,000 \\\text { Cost of goods sold } & 3,100,000 & 4,200,000\end{array}$ The company uses accounts payable only for purchases of merchandise inventory. What amount of cash did Wellington Cabinets pay to for inventory during 2014?

A) $4,060,000
B) $4,340,000
C) $1,240,000
D) $4,260,000