Acme Company makes all its inventory sales and inventory pur…
Acme Company makes all its inventory sales and inventory purchases on account, and all of Acme’s accounts payable relate to inventory purchases. During the current year, sales revenues are $158,100, cost of goods sold is $107,100, the accounts receivable balance decreases $7,200, the inventory balance increases $5,600, and the accounts payable balance decreases $3,900. What is the amount of cash paid to its suppliers of inventory during the year?
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