Assuming the following data, compute: Cash collected from customers. Cash paid for wages and salaries. Cash paid for inventory purchases. Be ee Cash paid for taxes.

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Balance Sheet Income Statement Amount for Year Beg. of Year End of Year Sales revenue $225,000 Accounts receivable (net) $20,000 $22,000 Wages and salaries expense 55,000 Wages and salaries payable 14,000 11,000 Cost of goods sold 105,000 Accounts payable 24,500 26,000 Inventory 34,000 28,000 Income tax expense 35,000 Income taxes payable 15,500 18,000