Cost of supplies used during 20X2 $923,000
Accounts payable, December 31, 20X1 $206,000
Accounts payable, December 31, 20X2 $263,000
Inventory, December 31, 20X1 $210,000
Inventory, December 31, 20X2 $121,000
Required: What was the total amount paid on accounts payable during 20X2? Assume that all supplies were purchased on account.
Please show your work below.