Santa's Helper Toy Company reported the following comparative balance sheet: !!! (Click on the icon to view the comparative balance sheet.) Requirements 1. Compute the collections from customers during 2018 for Santa's Helper Toy Company, Sales Revenue totaled $141,000. 2. Compute the payments for inventory during 2018. Cost of Goods Sold was $82,000. Requirement 1. Compute the collections from customers during 2018 for Santa's Helper Toy Company. Sales Revenue totaled $141,000. Select the labels and enter the amounts to compute the collections from customers. (Abbreviations used: Beg - Beginning.) Collections from Sales Revenue + Beg. Accounts Receivable Ending Accounts Receivable - Customers 141,000 + $ 48,000 54,009 135,000 Requirement 2. Compute the payments for inventory during 2018. Cost of Goods Sold was $82,000. Select the labels and enter the amounts to compute the payments for inventory. (Abbreviations used: Beg. Accts Pay. = Beginning Accouts Payable; Bog. Accts Rec, =Beginning Accounts Receivable: Beg. Merch. Inv. Beginning Merchandise Inventory; COGS - Cost of Goods Sold; Liab. - Liabilities; End. Accts Pay. -Ending Accounts Payable; End. Accts Rec. = Ending Accounts Receivable: End Merch. Inv. - Ending Merchandise Inventory: Long- term Liab. = Long-term Liabilities; Prepaid Exp. - Prepaid Expense; Rot. Earnings - Retained Eamings: Salaries Pay. - Salarios Payable; Sales Rev. - Sales Revenue.) Payments for - Merch Inv. i Data Table 141,000 Santa's Helper Toy Corporation Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 apud hue totale ent Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Long-term Assets: Plants Assets, Net Investments muel 22,000 $ 54,000 77,000 3,300 inning.) lections Customer 135.00 9,000 48,000 87,000 2,300 mput ent gint ding m4 119,000 78,000 353,300 $ 181,000 89,000 416,300 Begini pst of Go ng Merch y = Salar Total Assets $ Payment Merch. Liabilities $ Current Liabilities: Accounts Payable Salaries Payable Accrued Liabilities Long-term Liabilities: 51,000 $ 23,500 1,000 40,000 22,000 12,000 62,000 137,500 71,000 145,000 Notes Payable Total Liabilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 41,000 174.800 215,800 353,300 $ 39,000 232,300 271,300 416,300 $ Print Print Done st or enter any number in