Check my work Company A, reports net sales of $2,700,000, cost of goods sold of $1,500,000, and income tax expense of $140,000 for the year ended December 31, Year 2. Selected balance sheet accounts are as follows: Company A Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Accounts payable Income tax payable Year 2 $145,000 275,000 120,000 115,000 20,000 Year 1 $185,000 225,000 155,000 127,000 15,000 Increase (1) or Decrease (D) $40,000 (D) 50,000 (I) 35,000 (D) 12,000 (D) 5,000 (1) Required: Calculate cash received from customers, cash paid to suppliers, and cash paid for income taxes. Cash received from customers Cash paid to suppliers Cash paid for income taxes