Question 1 0/4 pts Using the information below, compute total accrual purchases. 12.000 Alpha keeps its accounting records on a cash basis during the year. At year-end, it converts its books to the accrual basis for preparing its financial statements. At the end of 2020 (the first year of operation), Alpha reported the following balances on its post-closing trial balance after converting to accrual basis. December 31.2020 (accrual) Debit Credit Cash $ 8.000 Accounts receivable 16,000 Supplies 12,000 Inventory 40,000 Equipment 80,000 Accumulated depreciation $ 16,000 Accounts payable (for inventory) 24,000 Salaries payable 16,000 Unearned sales revenue 4,000 Income tax payable Common stock 72,000 Retained earnings 12.000 5156,000 $156,000 At the end of 2021, Alpha again converted its books from cash basis to accrual basis, and prepared a balance sheet and income statement on an accrual basis. The following information was available as of December 31, 2021: Cash receipts from customers $304,000 Cash payments Other information: For supplies $ 16,000 Alpha owed vendors (for inventory) $ 36,000 To vendors (for inventory) 80,000 Customers owed Alpha To employees 96,000 Alpha owed employees 28.000 To stockholders 8,000 Physical count of ending inventory For other operating expenses (OE) 60,000 Physical count of ending supplies 8.000 For the 2020 taxes paid on March 15, 2021 12,000 Ending uneamed sales revenue 16,000 (Satisfies the 2020 income tax liability Income tax rate for 2021 25% - see the 2020 trial balance) Alpha depreciates its equipment using the straight-line method over 5 years with no salvage value. Assume that the balance given for other operating expenses (OE) is the same for both cash and accrual. Alpha uses the periodic inventory system 24,000 52.000