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The financial statements of New World, Inc., provide the following information for the current year: Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued

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The financial statements of New World, Inc., provide the following information for the current year: Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $52,000) Dec. 31 $ 276,000 $ 266,250 $ 68,400 $ 241,800 $ 66,150 $3,112,500 $1,636,500 $ 370,500 Jan.1 $ 271,500 $ 255,000 $ 64,500 $ 227,550 $ 73,950 Compute the amount of cash received from customers during the current year. Multiple Choice o $3,112,500 o $3,142,200 o $3,126,750 o $3,108,000 Compute the amount of New World's cash payments for purchases of merchandise during the current year. Multiple Choice $1,633,500 $1639.500 $1626750 $3109,500 Compute the amount of New World's cash payments for operating expenses. Multiple Choice $322,400 $382,200 $326,300 $330,200

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