Use the following income statement and information about selected current assets and current liabilities to calculate the cash received from customers and cash paid to suppliers, respectively, using the direct method. PETERS COMPANY Income Statement For Year Ended December 31, 2008 Sales $180,000 Cost of goods sold 104,000 Gross profit from sales. $ 76,000 Operating expenses Salaries and wages expense $25,000 Depreciatin expense 5,000 Rent expense 7,200 Interest expense 1,900 39.100 Income from operations. $36.900 Gain on sale of land 2,000 Net income $38.900 Selected beginning and ending balances of current asset and current liability accounts, all of which relate to operating activities, are as follows: Balance Dec. 31. Dec. 31. 2008 2007 Accounts receivable $27,600 $24,000 Merchandise inventory 18,200 20,000 Prepaid rent 550 400 Accounts payable 27.100 31,000 Salaries and wages payable 10,400 9,000 Interest payable 300 250 a. $193,000; (176,400) b. 176,400;(106,100) c. 176,400; 193,000 d. (106,100); 193,000 e. None of the above