Entity E prepares its statement of cash flows’under the direct method and has provided this information: 

For the purposes of the statement of cash flows under the direct method, you are required to compute the cash collections from customers, payments to suppliers, and cash paid for operating expenses.

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Net credit sales Trade receivables, end of the year Trade receivables, beginning of the year Purchases (on account) Trade payables, end of the year Trade payables, beginning of the year Operating expenses (including depreciation) Accrued expenses, beginning of the year Accrued expenses, end of the year Depreciation of property, plant and equipment 10,000,000 3,000,000 5,000,000 8,000,000 3,800,000 4,000,000 6,000,000 1,000,000 800,000 1,200,000