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The Income statement for Caladlum reports net sales of $91,578 million and cost of goods sold of $69,098 million. An examination of balance sheet amounts

image text in transcribed The Income statement for Caladlum reports net sales of $91,578 million and cost of goods sold of $69,098 million. An examination of balance sheet amounts Indicates accounts recelvable Increased $1,715 million, inventory Increased $865 million, and accounts payable to suppliers decreased $1,949 million. Required: Using the direct method, calculate (1) cash recelved from customers and (2) cash pald to suppliers. (Amounts to be deducted should be Indlcated with a minus sign. Enter your answers In millions (l.e., $10,110,000 should be entered as 10.11).)

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