Examine the following information and determiThe balance in AR was $40,000 on 1/1/X8, and the balance was $52,000 on 12/31/X8. If total sales revenue for 2XX8 was $800,000, then how much cash was received from customers?ne how much was paid for inventory in 2XX7 to suppliers. Inventory Information Inventory, 1/1/X7 $130,000 Inventory, 12/31/X7 $165,000 COGS, 12/31/X7 $900,000 AP, 1/1/X7 $23,000 AP, 12/21/X7 $35,000