A Company's Inventory Balance at 12/31/08 Was $200,000 and Was

Multiple Choice

A company's inventory balance at 12/31/08 was $200,000 and was $188,000 at 12/31/09.Its accounts payable balance at 12/31/08 was $80,000 and was $84,000 at 12/31/09 and its cost of goods sold for 2009 was $720,000.The company's total amount of cash payments for merchandise in 2009 equals:

A) $704,000
B) $712,000
C) $720,000
D) $728,000
E) $736,000