4 part Accounting Question

Required information [The following information applies to the questions displayed below.) The financial statements of New World, Inc., provide the following information for the current year: Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $50,000) Dec. 31 $ 274.000 $ 263,750 $ 67,600 $ 238,800 $ 66,150 $ 3,102,500 $ 1,630,500 $ 368,500 Jan. 1 $ 251,500 $ 253,000 $ 63,500 $ 223,550 $ 72,950 Compute the amount of cash received from customers during the current year. Multiple Choice $3.080,000 $3,117,750 $3,102,500 O O $3,115,200 Compute the amount of New World's cash payments for purchases of merchandise during the current year. Multiple Choice $1.626,000 O $1,637,750 $1,635,000 $3,098,000 Compute the amount of New World's cash payments for operating expenses. Multiple Choice $379,400 $329,400 $325,300 $322,600 New World's net cash flow from operating activities for the current year is: Multiple Choice $1,454,000 O $1,124,600 0 $1,449,900 0 $1,174,600