7 Bora Bora Corporation is a private company and has presented the followine data for 2022. 5 Add tional information for Bora Bora Corpoeation: - Equipment was purchased for 508,000 during the vear. - Equipment with a carrvine amount of $76,000 was vold for proceteds of $74,000. - Dora Bora bought $3,000 of long-term imvestments. December 31, 2022, for Bora Bera Corporation. 8) If Sales potaling \$1,600,000 were fecorded for a companr and accounts recrivable increased by $80,000, and accounts payable decreased by $70,000, how much cash would the compary have collectisd from customen? show rour work and explain how vou are vsine all the infoemationl is marks) 7 Bora Bora Corporation is a private company and has presented the followine data for 2022. 5 Add tional information for Bora Bora Corpoeation: - Equipment was purchased for 508,000 during the vear. - Equipment with a carrvine amount of $76,000 was vold for proceteds of $74,000. - Dora Bora bought $3,000 of long-term imvestments. December 31, 2022, for Bora Bera Corporation. 8) If Sales potaling \$1,600,000 were fecorded for a companr and accounts recrivable increased by $80,000, and accounts payable decreased by $70,000, how much cash would the compary have collectisd from customen? show rour work and explain how vou are vsine all the infoemationl is marks)