Small Company reported cost of goods sold of $179,000 on its 2020 income statement.The company's beginning inventory was $35,000.The ending inventory was valued at $40,000.The Accounts Payable balance at January 1 was $25,000.The December 31 balance in Accounts Payable was $22,000.
Instructions
Compute cash payments to suppliers.

Question

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The Answer of Small Company reported cost of goods sold of $179,000 on its 2020 income statement.The company's beginning inventory was $35,000.The ending inventory was valued at $40,000.The Accounts Payable balance at January 1 was $25,000.The December 31 balance in Accounts Payable was $22,000.
Instructions
Compute cash payments to suppliers.

Small Company Reported Cost of Goods Sold of $179,000 on Its