7. What were cash receipts from sales for the year, using the direct method? a. $835,000 b. $960,000 c. $840,000 d. $965,000 8. What was the amount of cash payments made during the year for inventory purchases, using the direct method? a. $535,000 b. $325,000 c. $375,000 d. $485,000 9. What was the amount of cash payments for operating expenses this year, using the direct method? a. $195,000 b. $165,000 c. $185,000 d. $155,000 10. What was the amount of cash payments for taxes this year, using the direct method? a. $23,000 b. $25,000 c. $47,000 d. $45,000