The accounting staff of Lambert Company has assembled the following information for the year ended December 31, 2015:

Cash sales	$	825,000
Credit sales		2,500,000
Collections on accounts receivable		2,200,000
Cash transferred from the money market fund to the general bank account		250,000
Interest and dividends received		100,000
Purchases (all on account)		1,800,000
Payments on accounts payable to merchandise suppliers		1,500,000
Cash payments for operating expenses		1,050,000
Interest paid		180,000
Income taxes paid		95,000
Loans made to borrowers		500,000
Collections on loans (excluding receipts of interest)		260,000
Cash paid to acquire plant assets		3,100,000
Book value of plant assets sold		660,000
Loss on sales of plant assets		80,000
Proceeds from issuing bonds payable		2,500,000
Dividends paid		120,000
Cash and cash equivalents, Jan. 1		512,000

Instructions

a.	Prepare a statement of cash flows. Use the direct method of reporting cash flows from operating activities. (List any deduction in cash and cash outflows as negative amounts.)

b-1.

Compute the amount of collections from customers. --- Cash received by customers: ?

b-2.

Compute the amount of cash paid to suppliers and employees. ------ Cash Paid to supplies and employees:?

b-3.	Compute the amount of proceeds from sales of plant assets.--- Proceeds from sales aof plant assets: