Based on the Following Information Provided About a Company's Operations,calculate

Based on the following information provided about a company's operations,calculate its cost of goods purchased and its cash paid for merchandise.
$$\begin{array} { | l | r } \hline \text { Cost of goods sold } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & \$ 522,000 \\\hline \text { Merchandise inventory, beginning year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 70,000 \\\hline \text { Accounts payable, beginning year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 53,000 \\\hline \text { Merchandise inventory, end-of-year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 57,000 \\\hline \text { Accounts payable, end-of-year } \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots \ldots & 48,000 \\\hline\end{array}$$

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