The general ledger of Hubert Corporation provides the following information:

End of Year Beginning of Year

Accounts Receivable $ $125,000$ $ $94,000$

Inventory $280,000210,000$

Accounts Payable $130,00065,000$

The company's net sales for the year were $$2,850,000$ and cost of goods sold amounted to $$1,650,000.$

Instructions

Calculate the following:

a$)$ Cash receipts from customers.

b$)$ Cash payments to suppliers.