6. Selected financial statement information for Textile Co. appears below Balance Sheet accounts Jan. 1. 2017 Dec. 31, 2017 $210.000 $340,000 $43,000 Inventory Accounts Receivable $85,000 Income Statement (partial) For the year ended Dec. 31, 2017 Sales $824,000 ($658.000) $166,000 Cost of Goods Sold Gross Profit (1). Calculate the amount of cash collected from customers. (2). Calculate the amount of cash spent on inventory for 2017 by Textile Co