18) Alex Company prepares its statement of cash flows using the direct method for operating...
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18) Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Alex Company reports the following: Sales on account Cash sales Decrease in accounts receivable Increase in accounts payable Increase in inventory Cost of goods sold $1,050,000555,000457,50054,00036,000787,500 What amount of cash payments to suppliers will be reported by Alex Company for the year ended December 31, 2024? A) $769,500 B) $697,500 C) $805,500 D) $877,500
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