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The income statement for Electronic Wonders reports net sales of $91,608 million and cost of goods sold of $69,128 million. An examination of balance sheet

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The income statement for Electronic Wonders reports net sales of $91,608 million and cost of goods sold of $69,128 million. An examination of balance sheet amounts indicates accounts receivable increased $1,718 million, inventory increased $868 million, and accounts payable to suppliers decreased $1,952 million. 6.66 olnts Required: Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. (Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) eBook Hint $ Print Net sales Increase in accounts receivable Cash received from customers 91,608 (1,718) 89,890 References $ Cost of goods sold Increase in inventory Purchases Decrease in accounts payable Cash paid to suppliers 69,128 868 69,996 1,952 71,948 $

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