Salt Company Reports a $120,000 Increase in Inventory and a $40,000

Salt Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $1,200,000.
The cash payments made to suppliers were:

A) $1,200,000
B) $1,040,000
C) $1,280,000
D) $1,120,000