1. XYZ had Revenues of $200,000 during 2015, and its Accounts Receivable increased from $40,000 to $50,000 during 2015. How much cash did XYZ collect from customers during 2015? XYZ did not have any unearned revenues.

$190,000

$200,000

$210,000

Cannot be determined

2. XYZ had Cost of Goods Sold of $100,000 during 2015, and its Inventory increased from $20,000 to $30,000 during 2015. XYZ's Accounts Receivable decreased from $22,000 to $17,000 and its Accounts Payable increased from $14,000 to $17,000 during 2015. How much cash did XYZ pay to suppliers during 2015?

$98,000

$107,000

$113,000

$118,000

None of the above