The financial statements of Leopold Corporation provide the following information for the current year:

End of Year

Beginning of Year

Accounts receivable

$106,000

$98,000

Inventory

$105,000

$120,000

Prepaid expenses

$31,000

$29,000

Accounts payable (for merchandise)

$74,000

$70,000

Accrued liabilities

$30,000

$28,000

Net sales

$848,000

Cost of goods sold

$318,000

Expenses (including depreciation of $43,000)

$258,000

Using this information above, calculate a) and b) for the current year:

a) Cash received from customers:

b)Net cash flow from operating activities: