Arena, Inc. uses the direct method to prepare its statement merchandise inventory of cash flows. Use the following information r
eported for 2019 to compute the amount of cash paid for Cost of Goods Sold, $140,000 Merchandise Inventory, beginning balance. $26,000 Merchandise Inventory, ending balance, $68,000 Accounts Payable, beginning balance, $7.700 Accounts Payable, ending balance, $5,300 O A. $179.600 O B. $182,000 O C. $98,000 O D. $184,400 Click to select your answer
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