The Financial Statements for Ozzie Company Show the Following How Much Cash Was Paid for Merchandise?
A) $117,000

Multiple Choice

The financial statements for Ozzie Company show the following: $$\begin{array} { | l | r | r | } \hline & \text { Beginning balance } & \text { Ending balance } \\\hline \text { Merchandise inventory } & \$ 25,000 & \$ 26,000 \\\hline \text { Trade receivables } & 35,000 & 33,000 \\\hline \text { Trade payables } & 18,000 & 21,000 \\\hline \text { Cost of Goods Sold } & & \$ 121,000 \\\hline\end{array}$$ How much cash was paid for merchandise?

A) $117,000.
B) $119,000.
C) $121,000.
D) $124,000.