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Company A reports net sales of $2,350,000, cost of goods sold of $150,000, and income tax expense of $3,000 for the year ended December 31,

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Company A reports net sales of $2,350,000, cost of goods sold of $150,000, and income tax expense of $3,000 for the year ended December 31, Year 2. Selected balance sheet accounts are as follows Selected Balance Sheet Data December 31 Increase (1) Accounts receivable Acts payable Tc tax payable 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

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