The financial statements of New World, Inc., provide the following information for the current year:

	Dec.31				Jan.1
Accounts receivable	$	289,000			$	401,500
Inventory	$	282,500			$	268,000
Prepaid expenses	$	73,600			$	71,000
Accounts payable (for merchandise)	$	261,300			$	253,550
Accrued expenses payable	$	66,150			$	80,450
Net sales	$	3,177,500
Cost of goods sold	$	1,675,500
Operating expenses (including depreciation of $65,000)	$	383,500

Compute the amount of cash received from customers during the current year.

Multiple Choice

• $3,290,000

• $3,185,250

• $3,177,500

• $3,317,700

Compute the amount of New World's cash payments for purchases of merchandise during the current year.

Multiple Choice

• $3,184,250

• $1,668,750

• $1,555,250

• $1,682,250

Compute the amount of New World's cash payments for operating expenses.

Multiple Choice

• $321,100

• $400,400

• $332,800

• $335,400

New World's net cash flow from operating activities for the current year is:

Multiple Choice

• $1,605,150

• $1,272,350

• $1,607,750

• $1,337,350