Mega Screens, Inc., reports net sales of $3,200,000, cost of goods sold of $2,000,000, and income tax expense of $150,000 for the year ended December 31, 2021. Selected balance sheet accounts are as follows:

Required:

Calculate cash received from customers, cash paid to suppliers, and cash paid for income taxes.

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MEGA SCREENS, INC. Selected Balance Sheet Data December 31 2021 2020 Increase (I) or Decrease (D) $195,000 $45,000 (D) 55,000 (1) 40,000 (D) Cash $150,000 285,000 Accounts receivable 230,000 Inventory Accounts payable Income tax payable 125,000 165,000 120,000 17,000 (D) 9,000 (I) 137,000 25,000 16,000