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The following selected account balances are from a merchandising company's records: 12/31/2019 12/31/2018 Accounts Receivable $ 92,000 $ 98,000 Merchandise Inventory 121,600 116,000 Accounts Payable

The following selected account balances are from a merchandising company's records:

12/31/2019 12/31/2018

Accounts Receivable $ 92,000 $ 98,000

Merchandise Inventory 121,600 116,000

Accounts Payable 45,000 50,000

Taxes Payable 9,000 7,600

For the year Ended 12/31/2019:

Sales $652,000

Cost of Goods Sold 399,000

Tax Expense 22,000

Required: (a) Calculate cash received from customers in 2019.

(b) Calculate cash paid for inventory in 2019.

(c) Calculate cash paid for taxes in 2019.

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