Question: A company's inventory balance was $230,000 at 12/31/11 and $215,000 at 12/31/12. Its accounts payable balance was $92,000 at 12/31/11 and $97,500 at 12/31/12, and its cost of goods sold for 2012 was $828,000. The company's total amount of cash payments for merchandise in 2012 equals:
A) $848,500
B) $807,500
C) $828,000
D) $837,500
E) $818,500