The following selected account balances appeared on the financial statements of Sanchez Company: Accounts Receivable, January 1 Accounts Receivable, December 31 Accounts Payable, January 1 Accounts Payable, December 31 Inventory, January 1 Inventory, December 31 Sales Cost of Goods Sold $12,000 9,000 4,000 7,000 10,000 15,000 57,000 31,000 Sanchez Company uses the direct method to compute net cash flows from operating activities. Cash received from customers is