Requirements

Compute the following items for the statement of cash flows:

a.	Beginning and ending Accounts Receivable are $28,000 and $26,000, respectively. Credit sales for the period total $60,000. How much are cash collections fromcustomers?
b.	Cost of Goods Sold is $77,000. Beginning Inventory balance is $25,000, and Ending Inventory balance is $30,000. Beginning and ending Accounts Payable are $16,000 and $11,000, respectively. How much are cash payments for inventory?

Requirement a. Beginning and ending Accounts Receivable are $28,000

and $26,000, respectively. Credit sales for the period total $60,000.

How much are cash collections from customers?

Cash collections from customers are $___

.