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The Bears Corporation has provided you the following information: Increase in accounts receivable balance 50,000 Net sales 500,000 Gross profit as a percentage of net

The Bears Corporation has provided you the following information:

Increase in accounts receivable balance 50,000
Net sales 500,000
Gross profit as a percentage of net sales 40 %
Increase in the inventory account 45,000
Accounts payable balance decreased 17,000
Accounts receivable writeoffs 7,500
Bad debt expense 10,000

Required (Please Answer the following questions):

-Determine the cash collected from customers.

-Determine the cash paid to suppliers.

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