A Company's Inventory Account Increased $26,800 and Its Accounts Payable

A company's Inventory account increased $26,800 and its Accounts payable account decreased $18,240 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and Cost of goods sold was $532,700. What was the amount of payments to the supplier of inventory?

A) $541,260
B) $559,500
C) $577,740
D) $532,700