Erie Company reports the following comparative balance sheets and income statement information for the current year. Comparative Balance Sheets 12/31/2015 12/31/2016 Assets Cash Accounts receivable Prepaid insurance Inventory Property, plant & equipment Total Assets $ 107,000 51,00 51,00 27,000 59,000 $295,000 $ 67,000 35,000 59,000 43,00 67,000 $271,000 Liabilities and Stockholder's Equity Accounts payable Salaries payable Long-term notes payable Common stock Retained earnings Total Liabilities and Stockholders' Equity $ 67,000 35,000 43,000 39,000 111.000 $295.000 $51.000 59,000 51,000 39,000 71,000 $271,000 2016 Income Statement Revenue Cost of goods sold Gross margin Operating expenses Net income $375,000 (179,000) 196,000 (99,000) $ 97,000 What was the cash received from customers during the year? Assuming accounts payable is used for inventory purchases only. what was the amount of cash paid for inventory purchases during the year