WAEC Financial Accounting 2021 Question 37

Use the following information to answer questions 36 and 37.
Creditors (01/01/19): ₦223,000
Creditors (31/12/19): ₦316,000
Credit purchases: ₦1,426,000
Discount received: ₦64,000
Company's cheque dishonoured: ₦90,000
Amount owed to creditors on 31/12/19 is

1. A.₦406,000.
2. B.₦342,000.
3. C.₦316,000.
4. D.₦226,000.