Goldman Corp How Much Cash Was Paid for Merchandise Purchases During 2017

Multiple Choice

Goldman Corp.reported the following information for 2016 and 2017. ? $\begin{array}{lr}\text { Accounts payable, December 31,2016 } & \$ 51,000 \\\text { Accounts payable, December } 31,2017 & 46,000 \\\text { Purchases-2017 } & 467,000\end{array}$ How much cash was paid for merchandise purchases during 2017?

A) $421,000
B) $462,000
C) $467,000
D) $472,000