#8

Columbia reported sales of $300,000 and $200,000 and cost of goods sold of $160,000 and $95,000, respectively. Blue Note's inventory increased by $35,000, but Columbia's decreased by $15,000. Blue Note's accounts receivable increased by $28,000 and its accounts payable decreased by $17,000 during 20X4. Columbia's accounts receivable decreased by $10,000 and its accounts payable increased by $4,000. Using the direct method of computing cash flows from operating activities, compute the following: Required: a. Cash received from customers. Note: Use cell A2 to A4 from the given information to complete this question. b. Cash payments to suppliers Note: Use cell A2 to A4 from the given information to complete this question. c. Cash flows from operating activities, assuming there were no other cash flows from operations. Note: Use cell A2 to A4 from the given information to complete this