C Companys current year income statement reports the following:

Sales $825,000

Cost of Goods Sold $550,000

Gross Profit $275,000

C Companys comparative balance sheets show the following:

End of Year Beginning of the Year

Accounts receivable $71,000 $60,000

Inventory $109,000 $96,000

Accounts payable $31,000 $37,000

Compute the cash received from customers and the cash paid for inventory purchases.