The followinz Inceme Statement and acceunt Balance chanser apdi te quertions 7-10: 7. What were cash receipts from customers for the year, using the direct method? a. 5943,000 b. $963,000 c. $867,000 d. 5837,000 8. What was the amount of cash payments made during the year for inventory purchases, using the direct method? a. $376,000 b. $484,000 c. $376,000 d. $532,000 9. What was the amount of cash payments for operating expenses this year, using the direct method? a. $193,000 b. $187,000 c. $313,000 d. $165,000 10. What was the amount of cash payments for taxes this year, using the direct method? a. $45,000 b. $25,000 c. $47,000 d. $37,000