(A)On December 1, 2018, Ahsan and Ali formed a corporation called AA Equipment Ltd. The financial statements of AA Equipment Ltd provide the following information for the current year:

Dec.31 Jan.1 Accounts receivable $ 90,000 $ 60,000 Inventory $ 115,000 $ 100,000 Prepaid expenses $ 24,000 $ 32,000 Accounts payable (for merchandise) $ 68,000 $ 64,000 Accrued expenses payable $ 33,000 $ 45,000 Net sales $ 570,000 Cost of goods sold $ 260,000 Operating expenses (including depreciation of $36,000) $ 160,000 Youre required to answer the followings: i. Compute the cash received from customers during the current year. ii. Compute the cash payments for purchases of merchandise during the current year. iii. Compute the cash payments for operating expenses. iv. Net cash flow from operating activities for the current year.