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What is the amount of cash payments to suppliers

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Reference no: EM132198316

Question - Coronado Industries prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2018, Coronado Industries reports the following activity:

Sales on account $2060000

Cash sales 1103000

Decrease in accounts receivable 913000

Increase in accounts payable 112000

Increase in inventory 78000

Cost of goods sold 1580000

What is the amount of cash payments to suppliers reported by Coronado Industries for the year ended December 31, 2018?

$1614000

$1546000

$1770000

$1390000

Reference no: EM132198316

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