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Mega Screens, Inc., reports net sales of $2,950,000, cost of goods sold of $1,750,000, and income tax expense of $145,000 for the year ended

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Mega Screens, Inc., reports net sales of $2,950,000, cost of goods sold of $1,750,000, and income tax expense of $145,000 for the year ended December 31, 2021. Selected balance sheet accounts are as follows: MEGA SCREENS, INC. Selected Balance Sheet Data December 31, Increase (I) or 2021 2020 Cash $147,500 $190,000 Decrease (D)) $42,500 (D) Accounts receivable 280,000 227,500 52,500 (1) Inventory 122,500 160,000 37,500 (D) Accounts payable 117,500 132,000 14,500 (D) Income tax payable 22,500 15,500 7,000 (1) 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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