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relate to inventory purchases.
Income Statement for 2014
Sales			$10,000.00
(Cost of Goods Sold)			$(5,300.00)
Gross Profit			$4,700.00
(Operating Expenses)			$(3,800.00)
Net Income			$900.00
Balance Sheet (partial)					1/1/14		12/31/14
Accounts Receivable					$1,400.00		$1,375.00
Inventory					$2,500.00		$2,100.00
Prepaid Operating Expenses					$1,000.00		$4,000.00
Accounts Payable					$1,350.00		$1,200.00
[3] How much cash was collected from customers?					Show your work