Volsinii Limited Draws Up Its Statement of Cash Flows Using

Volsinii Limited draws up its statement of cash flows using the direct method. The company presents the following balances in its financial statements for the years ended 31 October 2019 and 31 October 2018:
$\begin{array}{lrc} & 2019 & 2018 \\& £ & £ \\\text { Cost of sales for the year } & 545,000 & 505,000 \\\text { Closing inventory at the end of the year } & 79,000 & 72,000 \\\text { Trade payables carried forward } & 89,500 & 85,000\end{array}$ Based on these figures, how much cash was paid to suppliers (trade payables) during the financial year ended 31 October 2019?

A) £533,500
B) £540,500
C) £547,500
D) £556,500