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Partial balance sheets and additional information are listed below for Ensign Company. Additional information for 2013:
Net income was $170,000.
Depreciation expense was $30,000.
Sales totaled $400,000.
Cost of goods sold totaled $145,000.
Required:
Calculate the amount of cash paid to merchandise suppliers during 2013.
Saint Alexander
Refers to several Christian saints named Alexander, recognized and venerated in various Christian denominations.
John the Baptist
A Jewish preacher and prophet in the early 1st century, known for baptizing Jesus Christ and recognized as a significant figure in Christianity, Islam, and other religions.
Santa María
The largest of the three ships used by Christopher Columbus on his first voyage across the Atlantic Ocean in 1492.
Monte
A term that can refer to a mountain or a heap of something, but contextually might need specification.
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