The financial statement of a company shows the following. Cost of goods sold $725,000. Merchandise Inventory has a beginning balance of $45,000 and an ending balance of $56,000. Accounts receivable has a beginning balance of $53,000 and an ending balance of $50,000. Accounts payable has a beginning balance of $37,000 and an ending balance of $42,000. What is the cash paid for merchandise?
A. $731,000
B. $736,000
C. $719,000
D. $714,000
