Additional information:
1. How much did accounts receivable decrease during the year?
a) $320,000
b) $160,000
c) $240,000
d) None of the above

2. How much did prepaid expenses increase during the year?
a) $320,000
b) $160,000
c) $240,000
d) None of the above

3. How much did accounts payable to suppliers of merchandise decrease?
a) $320,000
b) $160,000
c) $240,000
d) None of the above