The general ledger of MPX, Inc., provides the following information relating to purchases of merchandise: End of Year Beginning of Year Inventory . $820,000 $780,000

The general ledger of MPX, Inc., provides the following information relating to purchases of merchandise:

End of Year Beginning of Year

Inventory ……………………………………………………………. $820,000 $780,000

Accounts payable to merchandise suppliers ……….. 430,000 500,000

The company’s cost of goods sold during the year was $2,975,000. Compute the amount of cash payments made during the year to suppliers merchandise.

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