A used car dealer reported the following information: Accounts Payable, December 31, 2014 $95,000 Accounts Payable, December 31, 2013 50,000 Cost of Goods Sold for 2014 560,000 Assuming there was no change in inventory during the period, how much cash was paid for merchandise purchases during 2014? a $605,000 b $655,000 c $610,000 d Cannot be determined e $515,000

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