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*6517-16 Graviton Medics Ltd. reports the following partial balance sheet information: GRAVITON MEDICS LTD. Balance Sheet (partial) January 31, 2020 and 2019 Assets 2020 2019

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*6517-16 Graviton Medics Ltd. reports the following partial balance sheet information: GRAVITON MEDICS LTD. Balance Sheet (partial) January 31, 2020 and 2019 Assets 2020 2019 Liabilities 2020 2019 Current assets Current liabilities Cash $ 57,000 $ 48,000 Accounts payable $ 141,000 $126,000 Accounts receivable 162,000 144,000 Salaries payable 69,000 63,000 Inventory 240,000 232,000 Accrued liabilities 24,000 33,000 Prepaid expenses 9,000 6,000 Compute the following for Graviton Medics Ltd.: a. Collections from customers during fiscal 2020. Sales totalled $420,000. b. Payments for inventory during fiscal 2020, assuming the change in Accounts Payable is due to inventory. Cost of goods sold was $240,000. Al Computing operating cash flows-direct method a. Collections from customers, $402,000

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