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[The following information applies to the questions displayed below.] The financial statements of New World, Inc., provide the following information for the current year: Accounts

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[The following information applies to the questions displayed below.] 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 $58,000) Dec.31 $ 282,000 $ 273, 750 $ 70, 800 $ 250, 800 $ 66, 150 $3, 142,500 $1,654,500 $ 376,500 Jan.1 $ 331,500 $ 261,000 $ 67,500 $ 239, 550 $ 76,950 Compute the amount of cash received from customers during the current year

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