Based on the following information provided about a company's operations, calculate its cost of goods purchased and its cash paid for merchandise.

Based on the following information provided about a company's operations, calculate its cost of goods purchased and its cash paid for merchandise. Cost of good sold------------------------$413,000Merchandise Inventory,beginning year------ 70,000Accounts payable, beginning year---------- 52,000Merchandise inventory, end-of-year-------- 67,000Accounts payable, end-of-year------------- 48,000

Question: Based on the following information provided about a company's operations, calculate its cost of goods purchased and its cash paid for merchandise.Cost of good...