For the question 1 to 7: ASSUME THE COMPANY USES DIRECT MEHTOD. 1) Vital Corporation reports beginning accounts receivable of $70,200 and ending accounts receivable of $67,900. If sales revenue on account is $950,200, how much cash must have been collected from customers during the period? A) 8952,500 B) $882,300 C) $880,000 D) $947,900 2) Accounts payable beginning: $ 137,000 Accounts payable ending: $ 151,000 Inventory beginning: 242,000 Inventory ending: 250,000 Cost of good sold: $250,000 Mark Corporation's payments to suppliers for inventory during the year were: A) $258,000 B) $243,000 C) $244,000 D) None of the above