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Partial Balance Sheets and Additional Information Are Listed Below for Monaco

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Partial balance sheets and additional information are listed below for Monaco Company. Partial balance sheets and additional information are listed below for Monaco Company.   Additional information for 2013: Net income was $270,000. Depreciation expense was $30,000. Sales totaled $800,000. Cost of goods sold totaled $305,000. Required: Calculate the amount of cash paid to merchandise suppliers during 2013. Additional information for 2013:
Net income was $270,000.
Depreciation expense was $30,000.
Sales totaled $800,000.
Cost of goods sold totaled $305,000.
Required:
Calculate the amount of cash paid to merchandise suppliers during 2013.


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