XYZ Inc. is preparing its cash flow statement under the direct method and has provided this information: Information Amount Net credit sales 13000000 Accounts receivable, end of the year 3000000 Accounts receivable, beginning of the year 2000000 Purchase (on account) 7000000 Trade payable, end of the year 3800000 Trade payable, beginning of the year 5000000 Operating expenses 5000000 Accrued expenses, beginning of the year 2000000 Accrued expenses, end of the year 900000 Depreciation on property, plant, and equipment 1100000 Required: For the purposes of the cash flow statement under the direct method, you are required to compute the cash collections from customers, payments to suppliers and cash paid for operating expenses accordance with IAS 7