Sprout Co. began the year with an accounts receivable balance of $52,000, and ended the year with an accounts receivable balance of $68,000. During the year, Sprout Co. recorded $430,000 of sales on account. How much cash did Sprout Co. collect from its customers during the year? S&P Inc. began the year with an accounts payable balance related to inventory purchases of $16,000. The balance in the account at the end of the year was $7,000. During the year, S&P Inc. purchased $98,000 of inventory on account. How much cash did S&P Inc. pay for inventory purchases during the year