Compute the following items for the statement of cash flows:

1. The beginning and ending Accounts Receivable balances are \($18,000\) and \($22,000,\) respectively. Credit sales for the period total \($115,000.\) How much are cash collections?

2. Cost of Goods Sold is \($76,000.\) Beginning Inventory balance is \($26,000,\) and ending Inventory balance is \($28,000.\) Beginning and ending Accounts Payable are \($15,000\) and \($12,000,\) respectively. How much are cash payments for inventory?