(2 of 2) Prestige Worldwide reported revenue of $28,750,000,…
(2 of 2) Prestige Worldwide reported revenue of $28,750,000, total expenses of $12,500,000, and net income of $6,200,000. Of the total expenses, $9,500,000 was cost of goods sold, and $3,000,000 was other operating expenses. Inventory increased by $5,450,000 and payables increased by $1,250,000. How much cash was paid to the firm’s suppliers?