8. The financial statements of New World, Inc., provide the following information for the current year: (Note that the beg. balances are shown in the 2nd column). Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $94,500) Dec. 31 Jan. 1 $273,000 $241,500 $262,500 $252.000 $67,200 $63,000 $237,300 $221,550 $66,150 $72,450 $3,097,500 $1,627,500 $367,500 8. Compute the amount of cash received from customers during the current year. A. $3,097,500. B. $3,129,000. C. $3,066,000. D. $3,612,000. 9. Continue with New World. All inventory purchases are made on account. How much cash was paid for purchases of inventory? A. $1,638,000 B. $1,617,000 C. $1,627,500 D. $1,601,250 E. $1,622,250 10. Ludwig Company's prepaid rent was $9,000 at December 31, 2012, and $13,000 at December 31, 2013. Ludwig reported rent expense of $19,000 on the 2013 income statement. What amount would be reported in the statement of cash flows as rent paid? A. $15,000 B. $19,000 C. $23,000 D. $4,000 E. NOTA