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The financial statements of New World, Inc., provide the following information for the current year: Dec. 31 Jan. 1 Accounts receivable $ 291,000 $ 421,500

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

Dec. 31 Jan. 1
Accounts receivable $ 291,000 $ 421,500
Inventory $ 285,000 $ 270,000
Prepaid expenses $ 74,400 $ 72,000
Accounts payable (for merchandise) $ 264,300 $ 257,550
Accrued expenses payable $ 66,150 $ 81,450
Net sales $ 3,187,500
Cost of goods sold $ 1,681,500
Operating expenses (including depreciation of $67,000) $ 385,500
Compute the amount of cash received from customers during the current year.
$3,344,700.
$3,318,000.
$3,187,500.
$3,194,250.

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

$1,689,750.
$1,544,250.
$3,195,750.
$1,673,250.
Compute the amount of New World's cash payments for operating expenses.
$336,200.
$333,800.
$320,900.
$403,200.

New World's net cash flow from operating activities for the current year is:
$1,628,250.
$1,292,050.
$1,625,850.
$1,359,050.

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