Assuming the following data, compute:

1. Cash collected from customers.

2. Cash paid for wages and salaries.

3. Cash paid for inventory purchases.

4. Cash paid for taxes.

\begin{tabular}{lccc}

\hline & \begin{tabular}{c}

Income Statement \\

Amount for Year

\end{tabular} & \multicolumn{2}{c}{ Balance Sheet } \\

\cline { 3 - 4 } & & Beg. of Year & End of Year \\

\hline \begin{tabular}{l}

Sales revenue \\

Accounts receivable (net)

\end{tabular} & $\$ 225,000$ & $\$ 20,000$ & $\$ 22,000$ \\

\begin{tabular}{l}

Wages and salaries expense \\

Wages payable

\end{tabular} & 55,000 & 14,000 & 11,000 \\

\begin{tabular}{l}

Cost of goods sold \\

Accounts payable \\

Inventory

\end{tabular} & & & \\

Income tax expense

\end{tabular}