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The general ledger of Link Company provides the following information: End of Year Beginning of Year Accounts Receivable $55,000 $94,000 Inventory 310,000 210,000 Accounts Payable

The general ledger of Link Company provides the following information:

End of Year Beginning of Year
Accounts Receivable $55,000 $94,000
Inventory 310,000 210,000
Accounts Payable 40,000 65,000

The company's net sales for the year was $2,200,000 and cost of goods sold amounted to $1,500,000. Compute the following:

Compute cash receipts from customers

Cash receipts from customers $

Compute cash payments to suppliers

Cash payments to suppliers $

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