During the current year, Tachnic, Inc., made cash sales of $289,000 and credit sales of $472,000. During the year, accounts receivable decreased by $32,000.

a-1.

Compute for the current year the amount of net sales reported as revenue in the income statement.

a-2.

Compute for the current year the amount of cash received from collecting accounts receivable.

a-3.	Compute for the current year the amount of cash received from customers. Assume that the credit sales amount has been collected during the current year.