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19. A company's accounts payable is used only for the purchase of inventory, and all inventory is purchased on account. At the beginning of the year, the balance in Inventory was $25,000, and in Accounts Payable was $10,000. At the end of the year, the balance in Inventory was $32,000 and in Accounts Payable was $7,000. The company's income statement reported Cost of goods sold expense of $105,000 for the year. How much cash was paid to suppliers on account? a) $112,000 b) $115,000 c) $98,000 d) None of the above
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