THE Company's 2022 statement of cash flows reported cash paid to suppliers for purchases of...
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Accounting
THE Company's 2022 statement of cash flows reported cash paid to suppliers for purchases of inventory of $367,000. The following accounts were taken from THE Company's balance sheets during 2022: Jan. 1, 2022 Dec. 31, 2022 Accounts payable 61,000 44,000 Accounts receivable 79,000 84,000 Inventory 26,000 85,000 Calculate the amount of cost of goods sold shown on THE Company's 2022 income statement.
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