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Small Company reported cost of goods sold of $179,000 on its 2020 income statement. The company’s...

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. Compute cash payments to suppliers.

Cash payments to suppliers

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