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  3. the following selected account balances were taken

The following selected account balances were taken from Buckeye Company's general ledger at January...

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Accounting

The following selected account balances were taken from
Buckeye Company's general ledger at January 1,2025 and
December 31,2025:
January 1 December 31
Accounts payable $ 42,000 $ 36,000
Accounts receivable $ 25,000 $ 17,000
Common stock $110,000 $180,000
Inventory $ 25,000 $ 28,000
Land $ 60,000 $ 73,000
Notes payable $ 38,000 $122,000
Retained earnings $ 30,000 $ 46,000
Salaries payable $ 19,000 $ 13,000
Buckeye Company's 2025 income statement is given below:
Sales revenue $420,000
Cost of goods sold $269,000
Salaries expense $ 93,000
Net income $ 58,000
Calculate the amount of cash paid to suppliers for purchases
of inventory during 2025.

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