The following information is available for the Miller Manufacturing company for 2020. (Click the icon to view the information.) Requirement Assume that all raw materials are purchased on credit and all sales are credit sales. Compute the missing amounts above. Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1, 2020 140,000 7,000 Work in process, January 1, 2020 24.000 Finished goods, January 1, 2020 76,000 Accounts receivable, December 31, 2020 110,000 Accounts payable, December 31, 2020 230,000 Raw materials, December 31, 2020 65.000