C Company's current year income statement reports the following:

Sales$825,000

Cost of Goods Sold$550,000

Gross Profit $275,000

C Company's comparative balance sheets show the following:

End of YearBeginning 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.