The Financial Statements of New World Company Provide the Following

The financial statements of New World Company provide the following information for the current year:
$\begin{array}{|l|c|c|}\hline & \text { Dec.31 } & \text { Jan.1 } \\\hline \text { Accounts receivable } & \$ 273,000 & \$ 241,500 \\\hline \text { Inventory } & \$ 262,500 & \$ 252,000 \\\hline \text { Prepaid expenses } & \$ 67,200 & \$ 63,000 \\\hline \text { Accounts payable (for merchandise) } & \$ 237,300 & \$ 221,550 \\\hline \text { Accrued expenses payable } & \$ 66,150 & \$ 72,450 \\\hline \text { Net sales } & \$ 3,097,500 \\\hline \text { Cost of goods sold } & \$ 1,627,500 \\\hline \text { Operating expenses (including depreciation of } \$ 94,500) & \$ 367,500 \\\hline\end{array}$

-Compute the amount of New World's cash payments for purchases of inventory during the current year.

A) $1,627,500.
B) $1,622,250.
C) $1,638,000.
D) $2,157,750.